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Northern Ocean Ltd. Director's Dealing 2010

Oct 6, 2010

Director's Dealing

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Geveran Trading Co. Limited a company affiliated with

Northern Offshore director Cecilie Fredriksen has on

October 5th 2010 through market transactions

acquired 460.000 shares in Northern Offshore Ltd at

a price of NOK 14,9859 per share. Geveran Trading Co.

Limited total position is after this transaction

51,490,000 shares equal to 32.68% of the total

outstanding shares in Northern Offshore Limited