04.05.2016 11:51:44 CET

North Energy ASA - Mandatory Notification of Trade

Oslo, 4 May 2016

Jogeir Romestrand, member of the Board of Directors of North Energy ASA, has today purchased 200.000 shares at NOK 1.14 per share via his fully owned company Rome AS. Total number of shares after the transaction is 1.300.000.

For further information:

Knut Sæberg, CEO

Mob: +47 918 00 720 | Email: knut.saeberg@northenergy.no

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