Mandatory notification of trade and disclosure of shareholding  

Oslo, 12 March 2020

Anders Onarheim, Chairman of the Board of Directors of North Energy ASA, has
today purchased 60,000 shares at an average price of NOK 0.9996 per share via
his fully owned company AB Investment AS. The total number of shares
beneficially owned by Onarheim after the transaction is 22,378,465, which equals
18.80% ownership in North Energy ASA.

For further information, please contact:

Knut Sæberg, CEO

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