12.03.2012 08:30:00 CET

North Energy ASA - Mandatory notification of trade

Alta, 12 March 2012


Reference is made to stock exchange notice dated 6 March 2012 regarding the repair offering in North Energy ASA (ticker "NORTH").

Primary insider Knut Sæberg (CFO) has on 9 March 2012 subscribed for 10,000 new shares in the repair offering at a price of NOK 10 per share. After completion of the repair offering, Knut Sæberg will hold 32,073 shares in the company.

Primary insider Astrid Tugwell  (Development Manager) has on 9. March 2012 subscribed for 10,000 new shares in the repair offering at a price of NOK 10 per share. After completion of the repair offering, Astrid Tugwell will hold 49,427 shares in the company.

Primary insider Alexander Krogh (Finance Manager and Investor Relation) has on 9. March 2012 subscribed for 3,766 new shares in the repair offering at a price of NOK 10 per share. After completion of the repair offering, Alexander Krogh will hold 8,500 shares in the company.

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 acc. to §5-12 vphl (Norwegian Securities Trading Act)