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NOTIFICATION OF TRADE

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8 July 2013

Norse Energy Corp. ASA ("NEC" ticker Oslo Stock Exchange, Norway) announces that on
5 July 2013, Norse Chief Legal Officer Dennis Holbrook sold 218,388 shares of Norse Stock at an average price of NOK 0.2441 per share. Following the sale Holbrook holds 0 shares, 1,083,333 options and 18,800,000 warrants in the Company.

The Company has a significant land position of ~130,000 net acres in New York State with certified 2C contingent resources of 951 MMBOE as of 31 December 2012.

For further information, please contact:

Chris Steinhauser, Chief Financial Officer
csteinhauser@norseenergy.com
Office: +1 713 975 1900

S. Dennis Holbrook, Chief Legal Officer
dholbrook@norseenergy.com
Office: +1 716 568 2048