Notification pursuant to Section 4.3 of the Securities
Trading Act
We wish to inform you that pursuant to Section 4.3 of
the Securities Trading Act, following the sale of
505,090 shares on 24 January 2017, various funds and
segregated client accounts for which GAM International
Management Limited acts as investment adviser
currently hold 11,405,447 shares and voting rights in
North Energy ASA. This represents 9.58% of the issued
share capital and voting rights of the company (based
on shares in issue of 119,047,000) and thereby falls
below the 10% disclosure threshold.
Additional information:
Please note that GAM International Management Limited
is a wholly owned subsidiary of GAM (U.K.) Limited, a
wholly owned subsidiary of GAM Group AG.
GAM Holding AG is listed on the SIX Swiss Exchange and
is the ultimate parent company of GAM Group AG (100%
owned).
GAM International Management Limited exercises the
voting rights it controls independently from its
direct and indirect parent undertakings.
No affiliated entity of GAM International Management
Limited within the GAM group acts as an investment
adviser to a fund or a segregated client account which
hold shares or voting rights in North Energy ASA.