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Northern Ocean Ltd.

Major Shareholding Notification Oct 13, 2010

9907_dirs_2010-10-13_c7455cd2-31dc-4da5-b9a6-dc26120b416a.html

Major Shareholding Notification

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Mandatory notification of trade

Geveran Trading Co. Limited a company affiliated with

Northern Offshore director Cecilie Fredriksen has on

October 12th, 2010 through market transactions

acquired 910.000 shares in Northern Offshore Ltd at

a price of NOK 16,1647 per share. Geveran Trading Co.

Limited total position is after this transaction

52,400,000 shares equal to 33.25% of the total

outstanding shares in Northern Offshore Limited

Limassol Cyprus - October 12, 2010

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