20.01.2016 08:30:00 CET

North Energy - Mandatory notifications of trade and disclosure of large shareholding

Anders Onarheim, Chairman of the Board of Directors of North Energy ASA, has purchased 5,500,000 shares at NOK 1.02 per share via his fully owned company AB Investment AS. The total number of shares beneficially owned by Onarheim through AB Investment AS and Isfjorden AS after the transaction is 11,928,445, which equals 10.02% ownership in North Energy ASA.

Jogeir Romestrand, member of the Board of Directors of North Energy ASA, has purchased 350,000 shares at NOK 1.02 per share via his fully owned company Rome AS. Total number of shares owned after the transaction is 1,100,000.

Knut Sæberg, Acting CEO of North Energy ASA, has purchased 300,000 shares at NOK 1.02. Total number of shares owned after the transaction is 542,869.

Didrik Leikvang, financial advisor to North Energy ASA and primary insider, has purchased 600,000 shares via his fully owned company Kharybdis AS at an average price of NOK 1.02. Total number of shares owned after the transaction is 1,000,000.

Anders Onarheim and Didrik Leikvang are both associated with Isfjorden AS, which owns a total of 8,570,651 shares (7.2%) in North Energy ASA.

For further information, please contact:

Knut Sæberg
Acting CEO
(+47) 918 00 720

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