North Energy ASA - Director's Dealing 2018

North Energy ASA - Mandatory notification of trades and disclosure of shareholdings

Oslo, 1 August 2018

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

purchased 89,716 shares at NOK 1.85 per share via his fully owned company AB

Investment AS. The total number of shares beneficially owned by Onarheim after

the transaction is 18,624,130, which equals 15.64% ownership in North Energy

ASA.

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

purchased 89,717 shares at NOK 1.85 per share via his fully owned company Celisa

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

transaction is 7,292,042, which equals 6.13% ownership in North Energy ASA.

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

purchased 89,717 shares at NOK 1.85 per share via his fully owned company

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

the transaction is 5,492,044, which equals 4.61% ownership in North Energy ASA.

For further information, please contact:

Knut Sæberg, CEO

(+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.

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