Notification of trade

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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 June 1, 2010
exercised a forward contract of 402,500 shares in NEC at strike NOK 3.31. 

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