Notice of extraordinary general meeting - Noreco further strengthens the Board

06 February
2020, Q1

Oslo, 6 February 2020: Noreco will strengthen the Board with additional competence to enhance the overall composition and capacity of the Board. The Board has decided to call an extraordinary general meeting of Norwegian Energy Company ASA on 2 March 2020. The Nomination Committee proposes Robert J. McGuire as a new member to the Board:

Robert J. McGuire is a financial services professional with extensive expertise as a strategic advisor, business leader, Board member and investor. He has a broad network of relationships in UK/ Europe, North America and China. He has served as Board member for NASDAQ-listed, European and Australian companies in industrial technology, airline and business services sectors. McGuire holds an MBA from Harvard Business School and worked with Goldman Sachs & Co and J.P. Morgan for more than 20 years.

The extraordinary general meeting will be held on 2 March 2020 at 12:00 CET at the premises of Advokatfirmaet BAHR AS, Tjuvholmen allé 16, Oslo. Please find attached notice of the extraordinary general meeting, attendance/proxy forms and the proposal from the Nomination Committee. The documents are also available at www.noreco.com. The notice and the attendance/proxy forms will also be sent to all shareholders with known address.