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2015-10-06

North Energy ASA: Mandatory Notification of Trade

Anders Onarheim, Chairman of the Board of Directors of North Energy ASA, has
purchased 800.000 shares at NOK 1.15 per share via his fully owned company AB
Investment AS. Total number of shares after the transaction is 800.000.

Didrik Leikvang, financial advisor to North Energy ASA and primary insider,
has purchased 200.000 shares via his fully owned company Kharybdis AS at an
average price of NOK 1.15. Total number of shares after the transaction is
200.000.

Anders Onarheim and Didrik Leikvang are both associated with Isfjorden AS,
which owns a total of 8,570,651 shares (7.2%) in North Energy ASA.

For further information, please contact:

Knut Sæberg
Acting CEO
(+47) 918 00 720

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| This information is subject of the disclosure requirements pursuant to section |
|5-12 of the Norwegian Securities Trading Act. |
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: North Energy via Globenewswire

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