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2016-09-08

North Energy: 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

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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