Stock Exchange Notification26.08.2011 06:30:00 CET
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:
| Name | Shares awarded | Total shares after award |
| Erik Karlstrøm (CEO)* | 13,437 | 126,245 |
| Lars Tveter (HMS Manager) | 4,293 | 41,908 |
| Astrid Tugwell (Development Manager) | 3,415 | 39,427 |
| Knut Sæberg (CFO) | 5,573 | 22,073 |
| Marion Høgmo (Adminisration Manager) | 3,017 | 8,056 |
| Alexander Krogh (Investor Relation) | 466 | 4,734 |
| Jørn Olsen (Board Member) | 1,611 | 4,497 |
| Heidi Tangstad (Board Observer) | 849 | 2,322 |
*) 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)
Contact:
Alexander Krogh, Investor Relation Manager
Mob: +47 416 48 650| E-post: alexander.krogh@northenergy.no