Notification of Trade

6 July 2012

Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway, U.S OTCQX symbol "NSEEY") informs that Per Kumle, a member of its Board of Directors, has on 6 July 2012, purchased 40,000 shares in Norse Energy Corp ASA for a price of ~2.35 NOK per share. The shares were acquired over the stock exchange. After this transaction, Per Kumle controls 140,000 shares in the company.

Norse Energy owns or leases approximately 130,000 net acres in New York State of which ~33,000 lies in the liquids rich shale fairways of Western New York, and the remaining ~97,000 net acres lies in the Marcellus and Utica natural gas fairways of Central New York. Internally estimated contingent resources total ~917 MMBOE or ~5.2 TCFGE.

For further information, please contact:

J. Chris Steinhauser, Chief Financial Officer

Direct: +1 716 218 2048

Email: csteinhauser@norseenergy.com