Mandatory notification of trade

12 November
2020, Q4

David B. Cook, Chief Executive Officer of Norwegian Energy Company ASA ("Noreco" or "the Company"), has on 12 November 2020 purchased 1,500 shares in Noreco at a price of NOK 125.00 per share. David B. Cook owns 6,700 shares in Noreco after the transaction and has the right to acquire or subscribe up to 300,000 additional shares in the Company, in aggregate 306,700 shares.

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