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Northern Ocean Ltd.

Major Shareholding Notification Jun 22, 2010

9907_mrq_2010-06-22_0bbd3a7b-2b05-494b-b8e7-0ffe399cd365.html

Major Shareholding Notification

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Disclosure of significant shareholding - Northern Offshore Ltd.

Geveran Trading Co. Limited a company affiliated with

Northern Offshore director Cecilie Fredriksen has on

June 21st 2010 acquired 2,179,230 shares in Northern

Offshore Ltd at a price of NOK 13.10 per share.

Geveran Trading Co. Limited total position is after

this transaction 47,264,225 shares equal to 30.61% of

the total outstanding shares in Northern Offshore

Limited.

Limassol Cyprus - June 21st 2010

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