Norwegian Energy Company ASA - Share buyback programme - increase in volume

09 March
2020, Q1

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Oslo, 9 March 2020: Reference is made to the stock exchange release of 27 February 2020 in which Norwegian Energy Company ASA ("Noreco" or the "Company") initiated a share buyback programme of up to 160,000 own shares. Due to limited traded volume, the maximum number of shares that may be acquired during any trading day is increased from 25% to 50% of the average daily volume in Noreco's shares on the Oslo Stock Exchange during January 2020.