Notification of trade

La Barra Capital AS, a wholly owned company by Anders Kapstad, CFO in Norse Energy Corp ASA (“NEC” ticker code OSE – NEC, Oslo, Norway, U.S OTCQX symbol “NSEEY”) has on March 1, 2010 rolled a forward contract of 402,500 shares in NEC at strike NOK 4.65 with maturity date June 1, 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