Norwegian Energy Company ASA: Share buyback

10 March
2020, Q1

Reference is made to the stock market announcement on 27 February 2020, where Norwegian Energy Company ASA ("Noreco" or the "Company") announced an initiation of a share buyback programme of up to 160,000 of its own shares.

Noreco has on 10 March 2020 purchased 9,992 of its own shares at an average price of NOK 143.3800 per share. After this transaction the Company holds a total of 320,782 own shares.

The transaction is completed in accordance with the authorization given by Noreco's annual general meeting on 28 June 2018, which is valid until 28 June 2020.

The information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.