North Energy ASA - Mandatory notifications of trade and disclosure of shareholding

Oslo, 20 April 2017

Anders Onarheim, Chairman of the Board of Directors of North Energy ASA, has
purchased 600,000 shares at NOK 1.80 per share via his fully owned company AB
Investment AS. The total number of shares beneficially owned by Onarheim after
the transaction is 18,267,721, which equals 15.34% ownership in North Energy
ASA.

Rachid Bendriss, financial advisor to North Energy ASA and primary insider, has
purchased 300,000 shares at NOK 1.80 per share via his fully owned company
Celisa Capital AS. The total number of shares beneficially owned by Bendriss
after the transaction is 7,100,000, which equals 5.96% ownership in North Energy
ASA.

Didrik Leikvang, financial advisor to North Energy ASA and primary insider, has
purchased 300,000 shares at NOK 1.80 per share via his fully owned company
Isfjorden AS. The total number of shares beneficially owned by Leikvang after
the transaction is 5,464,371, which equals 4.59% ownership in North Energy ASA.

Knut Sæberg, CEO of North Energy ASA, has purchased 50,000 shares at NOK 1.80.
Total number of shares owned after the transaction is 818,822, which equals
0.69% 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.