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

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| Source: NORTH ENERGY ASA

Oslo, 16 May 2018

Anders Onarheim, Chairman of the Board of Directors of North Energy ASA, has increased his ownership in Spitsbergen AS to 100% while Didrik Leikvang, financial advisor to North Energy ASA and primary insider, has reduced his ownership. The total number of North Energy ASA shares beneficially owned by Mr. Onarheim and Mr. Leikvang after the transaction is therefore 18,534,414 and 5,402,327, which equals 15.57% and 4.54% ownership respectively.

For further information, please contact:
Knut Sæberg, CEO
(+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.