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North Energy ASA Director's Dealing 2014

May 15, 2014

Director's Dealing

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North Energy ASA: Mandatory notification of trade

Alta, 15. May 2014

The company Rome AS, which is owned by Board Member in North Energy ASA, Mr.

Jogeir Romestrand, acquired 14th May 2014 200.000 shares in North Energy ASA at

an average price of NOK 4,78 per share.

Total stock of North Energy ASA shares in Rome AS following the transaction is

450.000.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1785582]