Oslo, 1 August 2018

Anders Onarheim, Chairman of the Board of Directors of North Energy ASA, has purchased 89,716 shares at NOK 1.85 per share via his fully owned company AB Investment AS. The total number of shares beneficially owned by Onarheim after the transaction is 18,624,130, which equals 15.64% ownership in North Energy ASA.

Rachid Bendriss, financial advisor to North Energy ASA and primary insider, has purchased 89,717 shares at NOK 1.85 per share via his fully owned company Celisa Capital AS. The total number of shares beneficially owned by Bendriss after the transaction is 7,292,042, which equals 6.13% ownership in North Energy ASA.

Didrik Leikvang, financial advisor to North Energy ASA and primary insider, has purchased 89,717 shares at NOK 1.85 per share via his fully owned company Isfjorden AS. The total number of shares beneficially owned by Leikvang after the transaction is 5,492,044, which equals 4.61% ownership in North Energy ASA.

For further information, please contact:

Knut Sæberg, CEO

(+47) 918 00 720 | Email: knut.saeberg@northenergy.no

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