Noreco: Written Resolution Resolved

13 Dec 2022 15:23 CET

Oslo, 13 December 2022: Reference is made to the announcement made by Norwegian
Energy Company ASA ("Noreco" or the "Company") on Monday 12 December 2022.

The written resolution in respect to the Company's outstanding bond issue NOR13
(ISIN: NO 0010851520) has been resolved and approved by the Company's
bondholders. Please see the attached Notice of Written Resolution for further
information.

Arctic Securities AS and Pareto Securities AS have been engaged as financial
advisors to the Company and Advokatfirmaet BAHR AS has been engaged as legal
advisor in connection with the amendment proposal. Advokatfirmaet Thommessen AS
has acted as legal advisor to the financial advisors.

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Contacts:
Cathrine Torgersen, EVP Investor Relations & ESG
Email: ct@noreco.com
Phone: + 47 915 28 501

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. The stock exchange
announcement was published by Cathrine Torgersen, Executive Vice President
Investor Relations & ESG, Norwegian Energy Company ASA, at the date and time as
set out above.

About Norwegian Energy Company ASA
Noreco is a publicly owned company with focus on the oil, gas and offshore
industry. The Company's shares are listed on the Oslo Stock Exchange (ticker
NOR). For further information, please visit: ww.noreco.com.

More information:
Access the news on Oslo Bors NewsWeb site

578072_Noreco_Notice_of_a_Written_Resolution.pdf