07.10.2011 12:00:00 CET

Mandatory Notification of Trade

The company JPB AS, which is owned 60%  by the Chairman of the Board in North Energy ASA, Mr. Johan Petter Barlindhaug, acquired 6th October 11,000 shares in North Energy ASA at an average price of NOK 14,56 per share.

Total stock of North Energy ASA shares in JPB AS following the transaction is 1.361.000

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.