17.02.2012 12:45:22 CET

North Energy ASA - Disclosure requirement

Alta 17. February 2012

JPB AS owns 1.370.000 shares in North Energy ASA, equivalent to 5,4 % of the share capital. JPB AS is owned 60 % by the Chairman in North Energy ASA, Johan Petter Barlindhaug.

Johan Petter Barlindhaug has in his capacity of chairman of North Energy ASA been granted proxies to vote for a total of 1.377.251 shares in the extraordinary general meeting to be held 2. March 2012.  The proxies do not contain any voting instructions and shall only apply at the said general meeting.

Including the proxies Johan Petter Barlindhaug represents 2.747.251 shares, equivalent to 10,9 % of the share capital and the votes of the company, at the said extraordinary general meeting.

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