Mandatory notification of trade

NOF - Disclosure of significant shareholding -
Northern Offshore Ltd.

Geveran Trading Co. Limited a company affiliated with
Northern Offshore director Cecilie Fredriksen has on
June 30th 2010 through market transactions acquired
134,248 shares in Northern Offshore Ltd at a price of
NOK 11.94 per share. Geveran Trading Co. Limited
total position is after this transaction 47,657,796
shares equal to 30.87% of the total outstanding
shares in Northern Offshore Limited.

Limassol Cyprus - June 30th 2010