North Energy ASA — Director's Dealing 2014

Feb 3, 2014

North Energy ASA - Mandatory Notification of Trade

North Energy ASA - Mandatory Notification of Trade

Alta, 3 February 2014

CEO of North Energy ASA, Erik Karlstrøm, has on 3 February 2014 bought

629,543 number of shares at an price of NOK 4.00 per share. Seller is Ninerik

AS, a company fully owned by Erik Karlstrøm. Following the transaction Erik

Karlstrøm's total stock of North Energy ASA shares is 642,980.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1757251]