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Northern Ocean Ltd.

Major Shareholding Notification Oct 6, 2010

9907_dirs_2010-10-06_f738820e-ec29-410f-b449-1983d9641697.html

Major Shareholding Notification

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Disclosure

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

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