North Energy ASA — Director's Dealing 2017

Jun 9, 2017

North Energy ASA - Mandatory notifications of trade and disclosure of shareholding

North Energy ASA - Mandatory notifications of trade and disclosure of shareholding

Oslo, 9 June 2017

Anders Onarheim, Chairman of the Board of Directors of North Energy ASA, has

purchased 56,533 shares and 20,000 shares at NOK 1.6583 per share via his fully

owned companies AB Investment AS and Liju Invest AS respectively. The total

number of shares beneficially owned by Onarheim after the transaction is

18,344,254, which equals 15.41% ownership in North Energy ASA.

Rachid Bendriss, financial advisor to North Energy ASA and primary insider, has

purchased 76,534 shares at NOK 1.6583 per share via his fully owned company

Celisa Capital AS. The total number of shares beneficially owned by Bendriss

after the transaction is 7,176,534, which equals 6.03% ownership in North Energy

ASA.

Didrik Leikvang, financial advisor to North Energy ASA and primary insider, has

purchased 76,534 shares at NOK 1.6583 per share via his fully owned company

Isfjorden AS. The total number of shares beneficially owned by Leikvang after

the transaction is 5,540,905, which equals 4.65% ownership in North Energy ASA.

For further information, please contact:

Knut Sæberg, CEO

(+47) 918 00 720 | Email: knut.saeberg@northenergy.no

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.