Disclosure of significant shareholding - Northern Offshore Ltd.

Geveran Trading Co. Limited a company affiliated with
Northern Offshore director Cecilie Fredriksen has on
June 21st 2010 acquired 2,179,230 shares in Northern
Offshore Ltd at a price of NOK 13.10 per share.
Geveran Trading Co. Limited total position is after
this transaction 47,264,225 shares equal to 30.61% of
the total outstanding shares in Northern Offshore
Limited.

Limassol Cyprus - June 21st 2010