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2016-05-06

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

Oslo, 6 May 2016

Anders Onarheim, Chairman of the Board of Directors of North Energy ASA, has
purchased 200,000 shares at NOK 1.22 per share via his fully owned company AB
Investment AS. The total number of shares beneficially owned by Onarheim
through AB Investment AS and Isfjorden AS after the transaction is
12,598,070, which equals 10.58% ownership in North Energy ASA.

Knut Sæberg, CEO of North Energy ASA, has purchased 25,000 shares at NOK 1.22.
Total number of shares owned after the transaction is 567,869.

Kristen Berli SVP Business Development, has purchased 25,000 shares at NOK
1.22. Total number of shares owned after the transaction is 338,363.

Didrik Leikvang, financial advisor to North Energy ASA and primary insider,
has purchased 100,000 shares at NOK 1.22 per share via his fully owned
company Kharybdis AS. The total number of shares beneficially owned by
Leikvang through Kharybdis AS and Isfjorden AS after the transaction is
1,593,106, which equals 1.34% ownership in North Energy ASA.

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, CEO
Mob: (+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 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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