Notification of trade

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Mark Dice, CEO in Norse Energy Corp ASA, has on November 16, 2010 purchased 500.000 shares in Norse Energy Corp. ASA (Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway, U.S OTCQX symbol "NSEEY") at an average price of NOK 1,25 per share. After this transaction, Mr. Dice controls 1.500.000 shares in Norse Energy Corp. ASA.