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Northern Ocean Ltd.

Major Shareholding Notification Jul 1, 2010

9907_dirs_2010-07-01_bbeab11d-43a6-4b31-9e6e-b866a8c13d3d.html

Major Shareholding Notification

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Mandatory notification of trade

NOF - Disclosure of significant shareholding -

Northern Offshore Ltd.

Geveran Trading Co. Limited a company affiliated with

Northern Offshore director Cecilie Fredriksen has on

June 30th 2010 through market transactions acquired

134,248 shares in Northern Offshore Ltd at a price of

NOK 11.94 per share. Geveran Trading Co. Limited

total position is after this transaction 47,657,796

shares equal to 30.87% of the total outstanding

shares in Northern Offshore Limited.

Limassol Cyprus - June 30th 2010

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