Disclosure of significant shareholding - Northern Offshore Ltd.

Geveran Trading Co. Limited a company affiliated with
Northern Offshore director Cecilie Fredriksen has on
April 30th 2010 through market transactions acquired
6,000,000 shares in Northern Offshore Ltd at a price
of NOK 12.28 per share. Geveran Trading Co. Limited
total position is after this transaction 45,084,995
shares equal to 29.24% of the total outstanding
shares in Northern Offshore Limited.

Limassol Cyprus - April 30th 2010