08.09.2016 16:55:15 CET

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

Oslo, 8 September 2016

Anders Onarheim, Chairman of the Board of Directors of North Energy ASA, has purchased 2,421,110 shares at NOK 1.6 per share via his fully owned company AB Investment AS. The total number of shares beneficially owned by Onarheim after the transaction is 15,621,169 which equals 13.12% ownership in North Energy ASA.

Didrik Leikvang, financial advisor to North Energy ASA and primary insider, has purchased 2,421,110 shares at NOK 1.6 per share via his fully owned company Isfjorden AS. The total number of shares beneficially owned by Leikvang after the transaction is 4,716,208 which equals 3.96% ownership in North Energy ASA.

Rachid Bendriss, financial advisor to North Energy ASA and primary insider, has purchased 2,421,110 shares at NOK 1.6 per share via his fully owned company Celisa Capital AS. The total number of shares beneficially owned by Bendriss after the transaction is 6,173,100 which equals 5.19% ownership in North Energy ASA.

Knut Sæberg, CEO of North Energy ASA, has purchased 90,000 shares at NOK 1.6. Total number of shares owned by Sæberg after the transaction is 718,822.

For further information, please contact:

Knut Sæberg, CEO
(+47) 918 00 720 | Email: knut.saeberg@northenergy.no