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Notification of trade

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Bjarte Bruheim, a Board Member in Norse Energy Corp. ASA, has on January 14, 2010 terminated a forward contract of 14.000.000 shares in Norse Energy Corp ASA and entered into a new contract for the same amount of shares at an agreed forward price of NOK 4,50 with maturity date July 15, 2010. Bjarte Bruheim controls 11.300.000 shares and 14.000.000 forwards in Norse Energy Corp. ASA after this transaction. His position after this transaction remains unchanged. For further information please contact: Anders Kapstad, CFO Tel: +47 23 01 10 01 Cell: +47 918 17 442 Email: akapstad@norseenergy.com Jonas Gamre, Investor Relations Tel: +47 23 01 10 02 Cell: +47 971 18 292 Email: jgamre@norseenergy.com