20.08.2010 15:29:00 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 ASA, Mr. Johan Petter Barlindhaug, acquired 20th August 8390 shares in North Energy ASA at an average price of NOK17,1 per share. Total stock of North Energy ASA shares in JPB AS following the transaction is 1.350.000 shares.