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Notification of trade

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Bjarte Bruheim, a Board Member in Norse Energy Corp. ASA, has on January 14th 2009
terminated a forward contract of 14.000.000 shares in Norse Energy Corp ASA at maturity date
and bought the same amount of shares at agreed price NOK 7,1171.

Bjarte Bruheim still controls a total of 25.300.000 shares in Norse Energy Corp. ASA after this transaction.

For further information please contact:
Anders Kapstad, CFO
Phone: +47 67 51 61 12
Cell: +47 918 17 442
E-mail: akapstad@norseenergy.com