North Energy ASA — M&A Activity 2019

Sep 26, 2019

Approval of the intra-group merger between North Energy ASA and North Energy Norge AS

Approval of the intra-group merger between North Energy ASA and North Energy Norge AS

Oslo, 26 September 2019

Reference is made to the stock exchange notice of 22 August 2019 and the

announcement of the merger plan of 26 August 2019 by the Norwegian Register of

Business Enterprises. The Board of Directors in North Energy ASA and North

Energy Norge AS have today finally approved the merger between the companies.

The merger will be conducted as a parent company merger pursuant to the

simplified rules for intra-group mergers as set out in Section 13-24 of the

Public Limited Companies Act.

The merger is expected to enter into force after the end of the six weeks'

notice period for creditors and before the end of the year.

The merger plan including all attachments can be found on the website

www.northenergy.no.

For further information, please contact:

Knut Sæberg, CEO

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

(mailto:knut.saeberg@northenergy.no)

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.