Alta, 8 March 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES

Reference is made to the stock exchange announcements dated 10 February 2012 and 2 March 2012 regarding the resolution by the Board of Directors of North Energy ASA ("North Energy" or the "Company", ticker "North") and the Extraordinary General Meeting of North Energy respectively to increase the share capital in the Company following the private placement.

The Company has received confirmation that the share capital increase of NOK 150 million has been registered by the Norwegian Register of Business Enterprises. The private placement has hence been completed. The new registered share capital of North Energy is NOK 40,224,393 divided into 40,224,393 shares, each with a par value of NOK 1.00.

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This publication is not for distribution, directly or indirectly, in or into the United States, nor is it an offer for sale of or the solicitation of an offer to purchase securities in the United States. Any securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. North Energy ASA does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this publication are not being, and may not be, distributed or sent into the United States.

Contact:
Alexander Krogh, Finance Manager and Investor Relation

Mob: (+47) 416 48 650 | E-post: alexander.krogh@northenergy.no

 

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