Minutes from Annual General Meeting

Stavanger, 2 May 2012: Norwegian Energy Company ASA (Noreco) today held its Annual General Meeting for 2012 at the company's headquarters in Stavanger. The minutes from the meeting are attached, and are available on www.noreco.com and www.newsweb.no. Contacts: Einar Gjelsvik, CEO (+47 992 83 856) Kjetil Bakken, VP Investor Relations (+47 91 889 889) This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) Minutes from AGM: http://hugin.info/138447/R/1607994/510161.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: NORECO via Thomson Reuters ONE [HUG#1607994]