North Energy ASA — Proxy Solicitation & Information Statement 2010

Apr 29, 2010

”etternavn + fornavn”"navn 3"”adresse 1”adresse 2”postnr + poststed” ”land”	PIN code: XXXX Ref no: XXXX Notice of Annual General MeetingAnnual General Meeting in North Energy ASA will be held 20th May 2010 at 13:00 CET at Kunnskapsparken, Alta, Norway

In the event the shareholder is a
legal entity it will be represented by: _________________________________________

Name of representative

(To grant proxy, use the proxy form below)

Attendance form

If you wish to attend the annual general meeting, we kindly ask you to send this form to North Energy ASA c/o DnB NOR Bank ASA, Verdipapirservice, N-0021 Oslo, Norway, or fax to +47 22 48 11 71. Attendance may also be registered on North Energy ASA’s homepage on www.northenergy.no or through “Investortjenester”, a service provided by most Norwegian registrars. The pin code and the reference number are required for registration.

The form must be registered by DnB NOR Bank Verdipapirservice no later than 18th May 2010 12:00 CET.

The undersigned will attend at North Energy ASA’s Annual General Meeting on 20th May 2010 and vote for

		own shares
		other shares in accordance with enclosed proxy
In total		Shares

________________________________ ___________ ________________________________________________________________

Place Date Shareholder’s signature

(If attending personally. To grant proxy, use the form below)



Proxy (without voting instructions) PIN code:XXXX Ref no: XXXXX

If you are not able to attend the Annual General Meeting, a nominated proxy holder can be granted your voting authority. Any proxy not naming proxy holder will be deemed given to Johan Petter Barlindhaug or a person designated by him. The present proxy form relates to proxies without instructions. To grant proxy with voting instructions, please go to page 2 of this form.

We kindly ask you to send the proxy form to North Energy ASA c/o DNB NOR Bank ASA, Verdipapirservice, N-0021 Oslo, Norway, or fax to +47 22 48 11 71.Web-based registration of the proxy is available through “Investortjenester”, a service provided by most Norwegian registrars. The pin code and the reference number are required for registration.

The proxy must reach DnB NOR Bank Verdipapirservice no later than 18th May 2010 12:00 CET.

The undersigned	:	”etternavn + fornavn”
hereby grants	:	 Johan Petter Barlindhaug (or a person designated by him)
or	:
		Name of nominated proxy holder (Please use capital letters)

proxy to attend and vote at the Annual General Meeting of North Energy ASA on 20th May 2010 for my/our shares

________________________________ ___________ ____________________________________

Place Date Shareholder’s signature

(Signature only when granting proxy)

With regard to rights of attendance and voting we refer you to The Norwegian Public Limited Liability Companies Act, in particular Chapter 5. A written power of attorney dated and signed by the beneficial owner giving such proxy must be presented at the meeting.

Proxy (with voting instructions) PIN code: XXXXX Ref no: XXXXXX

If you wish to give voting instruction to the proxy holder, please use the present proxy form. The items in the detailed proxy below refer to the items in the Annual General Meeting agenda. A detailed proxy with voting instructions may be granted a nominated proxy holder. A proxy not naming a proxy holder will be deemed given to Johan Petter Barlindhaug or any person designated by him.

We kindly ask you to send the proxy with voting instructions by mail or fax to North Energy ASA c/o DnB NOR Bank ASA, Verdipapirservice, NO-0021 Oslo, Norway, or faxed to +47 22 48 11 71. Online registration is not available for registrations of voting instructions.

The proxy must reach DnB NOR Bank Verdipapirservice no later than 18. May 12:00 CET.

The undersigned: ”etternavn + fornavn”
hereby grants (check-off):
	Johan Petter Barlindhaug (or a person designated by him), or:
	____________________________________
	Name of nominated proxy holder (please use capital letters)

proxy to attend and vote at the Annual General Meeting of North Energy ASA on 20th May 2010 for my/our shares.

The votes shall be submitted in accordance with the instructions below. Please note that any items below not voted for (not ticked off), will be deemed as an instruction to vote “in favour” of the proposals in the notice. Any motion from the floor, amendments or replacement to the proposals in the agenda, will be determined at the proxy holder’s discretion. In case the contents of the voting instructions are ambiguous, the proxy holder will base his/her understanding on a reasonable understanding of the wording of the proxy. Where no such reasonable understanding can be found, the proxy may at his/her discretion refrain from voting.

Agenda AGM 2010	In favour	Against	Abstention
1. Election of chairman and 2 shareholders to sign the minutes together with the chairman			
2. Approval of the notice of the meeting and the agenda			
3. The Board’s statement regarding guidelines for fixing the remuneration to leading employees			
4. Approval of annual accounts and the annual statement for 2009			
5. Fixing the remuneration to the Board of Directors			
6. Approval of auditor’s fee			
7. Election of the Board			
8. Election of the nomination committee			
9. Fixing the remuneration to the nomination committee			
10i) Introducing date of registration, cf. the Joint Stock Public Companies Act section 4-2, third paragraph			
10ii) Introducing the opportunity to written votes prior to the general meeting, cf. the Joint Stock Public Companies Act section 5-8 b			

The abovementioned proxy holder has been granted power to attend and to vote for my/our shares at the Annual General Meeting in North Energy ASA to be held 20th May 2010.

___________________________________ ___________ ______________________________________________

Place Date Shareholder’s signature

(Only for granting proxy with voting instructions)

With regard to rights of attendance and voting we refer you to The Norwegian Public Limited Liability Companies Act, in particular Chapter 5. A written power of attorney dated and signed by the beneficial owner giving such proxy must be presented at the meeting.

If the shareholder is a company, please attach the shareholder’s certificate of registration to the proxy.