19.03.2012 07:30:00 CET

NORTH ENRGY ASA - SUBSEQUENT REPAIR OFFERING - SUBSCRIPTION PERIOD ENDS

Alta, 19 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 notice dated 2 March and 6 March 2012 respectively regarding approval of the prospectus and concerning the subsequent repair offering ("Offering") of up to 1.5 million shares in North Energy ASA ("North Energy" or the "Company", ticker "NORTH") at a subscription price of NOK 10.00.

The subscription period for the Offering will end on Monday, 19 March at 09.00 CET (ex-date).

The Offering is managed by DNB Markets and Pareto Securities (together the "Joint Bookrunners").

The Prospectus may be obtained at the Company's office, or the Joint Bookrunners' offices or web sites; www.dnb.no/emisjoneror www.paretosec.no

Contact persons:

Erik Karlstrøm, CEO
Mob: (+47) 476 52 990 | E-mail:erik.karlstrom@northenergy.no

Knut Sæberg, CFO
Mob: (+47) 918 00 720 | E-mail:knut.saeberg@northenergy.no

Kristin Ingebrigtsen, Director of Strategy & Public Relations
Mob: (+47) 926 05 601
E-mail:kristin.ingebrigtsen@northenergy.no

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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.

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