12.05.2016 09:33:02 CET

North Energy ASA - Mandatory notification of trade and disclosure of shareholding

Oslo, 12 May 2016

Elin Karfjell, member of the Board of Directors of North Energy ASA, has purchased 11th of May 37,700 shares at NOK 1.48 per share via her fully owned company Elika AS. Total number of shares after the transaction is 237,700.

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.