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2016-09-06

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

Anders Onarheim, Chairman of the Board of Directors of North Energy ASA, has
purchased 126,989 shares at NOK 1.4 per share via his fully owned company AB
Investment AS. The total number of shares beneficially owned by Onarheim
after the transaction is 13,200,059 which equals 11.09% ownership in North
Energy ASA.

Didrik Leikvang, financial advisor to North Energy ASA and primary insider,
has purchased 126,990 shares at NOK 1.4 per share via his fully owned company
Isfjorden AS. The total number of shares beneficially owned by Leikvang after
the transaction is 2,295,098 which equals 1.93% ownership in North Energy
ASA.

Rachid Bendriss, financial advisor to North Energy ASA and primary insider,
has purchased 126,990 shares at NOK 1.4 per share via his fully owned company
Celisa Capital AS. The total number of shares beneficially owned by Bendriss
after the transaction is 3,751,990 which equals 3.15% ownership in North
Energy ASA.

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.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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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