Prospectus

Norwegian Energy Company ASA (“Noreco") has prepared a prospectus (the “Prospectus”) in connection with the (i) listing of 15,585,635 shares issued in the private placement as announced on 26 July 2019 (the “Private Placement”), (ii) a partly underwritten subsequent offering  of minimum 1,326,486 new shares and maximum 1,768,648 new shares in the Company (the "Subsequent Offering"), (iii) listing of subscription rights to subscribe for the new shares in the Subsequent Offering, and (iv) listing of convertible bonds issued in relation of the convertible bond loan in the principal amount USD 158,138,102 as announced on 26 July 2019.

The Norwegian Financial Supervisory Authority (Nw. Finanstilsynet) has on 9 August 2019 approved the Prospectus.

Subject to applicable local securities laws, the Prospectus and the subscription form for the Subsequent Offering may be downloaded from this link.