Noreco – New Share Capital Registered Following Share Capital Reduction

Dec 29, 2022

Oslo, 29 December 2022: Reference is made to the stock exchange notice published by Norwegian Energy Company ASA (the “Company”) on 19 May 2022 where the Company announced that it had held its annual general meeting (“AGM”).

Pursuant to the AGM minutes, the AGM resolved to reduce the share capital of the Company with NOK 243,206,086.1579111 by reducing the nominal value of the shares. The share capital reduction has been registered in the Norwegian Registry of Business Enterprises on 28 December 2022. Following the share capital reduction, the Company’s share capital is NOK 13,878,165.673708 divided on 25,708,424 shares, each with a nominal value of NOK 0.5398295.



Cathrine Torgersen, EVP Investor Relations & ESG
Phone: +47 915 28 501

Important information

The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia) or in any other jurisdiction where such publication or distribution is unlawful. This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.