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North Energy ASA Director's Dealing 2016

May 4, 2016

Director's Dealing

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North Energy ASA - Mandatory Notification of Trade

Oslo, 4 May 2016

Jogeir Romestrand, member of the Board of Directors of North Energy ASA, has

today purchased 200.000 shares at NOK 1.14 per share via his fully owned company

Rome AS. Total number of shares after the transaction is 1.300.000.

For further information:

Knut Sæberg, CEO

Mob: +47 918 00 720 | Email: [email protected]

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2009854]