Notification of trade

La Barra Capital AS, a wholly owned company by Anders Kapstad, CFO in Norse Energy Corp ASA has on December 1st 2009 rolled a forward contract of 402,500 shares in NEC at strike NOK 3.88 with maturity date March 1st 2010. After this transaction Anders Kapstad controls personally and through related companies a total of 408,500 shares. His position after this transaction remains unchanged. For further information please contact: Anders Kapstad, CFO Phone: +47 23 01 10 01 Cell: +47 918 17 442 E-mail: akapstad@norseenergy.com