Share capital increase


Stavanger, 10 November 2009: Norwegian Energy Company ASA (OSE:NOR). A share capital increase in Noreco (Norwegian Energy Company ASA) following the subsequent offering notified 19 October 2009 has today been registered in the Norwegian Registry of Business Enterprises.

As a consequence, the new share capital is NOK 751 544 674.60 divided on 242 433 766 shares, each with a nominal value of NOK 3.10. Noreco's Articles of Association have been amended accordingly. Please find attached the updated company certificate.
The shares subscribed and paid for in the subsequent offering will be issued today and be immediately listed on Oslo Stock Exchange under the ticker code "NOR". As a consequence, the new shares will be tradable from and including today.
For further information, please contact:
Einar Gjelsvik, Vice President Investor Relations (+47 992 83 856)