26.08.2011 06:30:00 CET

Notification of Trade

Alta, 26.8.2011

Notification of Trade

The Board in North Energy ASA has awarded bonus shares for 2009 and 2010 to the following employees who are primary insiders:

Shares awarded
Total shares after award
Erik Karlstrøm (CEO)*
Lars Tveter (HMS Manager)
4,293 41,908
Astrid Tugwell (Development Manager)3,41539,427
Knut Sæberg (CFO)5,57322,073
Marion Høgmo (Adminisration Manager) 3,0178,056
Alexander Krogh (Investor Relation)466 4,734
Jørn Olsen (Board Member)1,6114,497
Heidi Tangstad (Board Observer)8492,322

*) Erik Karlstrøm owns in addition 516,735 shares through his participation in Ninerik AS.
Bonus shares are available for trading three years from the date of the award.

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


Alexander Krogh, Investor Relation Manager
Mob: +47 416 48 650| E-post: alexander.krogh@northenergy.no

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