North Energy ASA — Director's Dealing 2018

May 31, 2018

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

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

Oslo, 31 May 2018

Kristen Berli, Business Development Manager of North Energy ASA and primary

insider, has purchased 685 shares at NOK 1.87 per share. The total number of

shares owned by Berli after the transaction is 400,000, which equals 0.34%

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.