Mandatory notification of trade

Stavanger,  25 January 2012: IKM Industri-Invest AS has bought 250,000 shares in
Norwegian Energy Company ASA (Noreco) at a price of NOK 6.24 per share. IKM
Industri-Invest AS is controlled by Ståle Kyllingstad, who is chairman of
Noreco´s board of directors.

After this, IKM Industri-Invest AS holds 23,123,998 shares in Noreco.

For further information, please contact:
Kjetil Bakken, VP Investor Relations, [phone]

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: NORECO via Thomson Reuters ONE

[HUG#1579872]

Wertpapiere des Artikels:
NO0010379266