19.05.2010 12:26:00 CET

Mandatory Notification of Trade

This information is subject of the disclosure requirements acc. to 5-12 vphl (Norwegian Securities Trading Act)

The company JPB AS, controlled by the Chairman of the Board in North Energy, Mr. Johan Petter Barlindhaug, acquired 18th May 5.000 shares in North Energy at an average price of 20,40 kr. per share. Total stock of North Energy shares in JPB AS following the transaction is 1.341.610 shares.