Notification of trade

Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway, U.S OTCQX symbol "NSEEY") Mark Dice, President and Chief Operating Officer Norse Energy Corp. USA has on November 12th 2009 bought 400,000 shares in Norse Energy Corp. ASA at an average of NOK 3.377 per share. After this transaction, Mark Dice controls 400,000 shares in Norse Energy Corp. ASA. Richard Boughrum, Chief Financial Officer Norse Energy Corp. USA has on November 12th 2009 bought 10,000 shares in Norse Energy Corp. ASA at an average of NOK 3.36 per share. After this transaction, Richard Boughrum controls 10,000 shares in Norse Energy Corp. ASA. For further information please contact: Jonas Gamre, Investor Relations Tel: +47 23 01 10 02 Cell: +47 97 11 82 92 Email: jgamre@norseenergy.com About Norse Energy: Norse Energy Corp. ASA is a Norwegian based publicly listed company focusing on energy operations offshore Brazil and onshore in the states of New York and Pennsylvania in the Appalachian Basin in the U.S.