Noreco appoints Chief Operating Officer

March 30, 2011 Stavanger, 30 March 2011: Norwegian Energy Company (Noreco) has appointed Ellen Sandra Bratland as new Chief Operating Officer. Bratland has been working for Noreco since 2008 and comes from the position as Asset Manager for Noreco's field developments in Norway and UK. Bratland holds a M.Sc. degree in Chemical Engineering from the Norwegian University of Science and Technology, Trondheim and a M.Sc. from the University of Idaho. She has 25 years of broad experience from the industry and has previously worked for Shell and Statoil. Contacts: Einar Gjelsvik, CEO (+47 992 83 856) Jan Petter Stiff, media contact (+47 995 13 891) This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: NORECO via Thomson Reuters ONE [HUG#1501565]