Mandatory notification of trade

Geveran Trading Co. Limited a company affiliated with
Northern Offshore director Cecilie Fredriksen has on
October 12th, 2010 through market transactions
acquired 910.000 shares in Northern Offshore Ltd at
a price of NOK 16,1647 per share. Geveran Trading Co.
Limited total position is after this transaction
52,400,000 shares equal to 33.25% of the total
outstanding shares in Northern Offshore Limited

Limassol Cyprus - October 12, 2010