Noreco: Approval and Publication of Prospectus for NOR13 and NOR15

06 Feb 2023 19:52 CET

Oslo, 6 February 2023: Reference is made to the stock exchange notice published
on 30 December 2022 where Norwegian Energy Company ASA ("Noreco" or the
"Company") announced that the issuance of new subordinated convertible bonds in
the maximum amount of USD 250,000,000 with ISIN NO 0012780867 ("NOR15") through
an exchange offer, was completed, and further to the stock exchange notice
published on 26 January 2023 where Noreco announced the issuance of compensation
bonds under the convertible bond loan with ISIN NO0010851520 ("NOR13"). The
compensation bonds are currently issued with a separate ISIN NO0012820010 and
will following the approval of the Prospectuses (as defined below) be merged
into the ordinary ISIN of NOR13.


Noreco has prepared two prospectuses (the "Prospectuses") in connection with i)
the listing on Oslo Børs of the NOR15 bonds, and ii) the listing on Oslo Børs of
the NOR13 compensation bonds.


The Norwegian Financial Supervisory Authority (Nw. Finanstilsynet) has today, 6
February 2023, approved the Prospectuses. The NOR13 compensation bonds and the
NOR15 bonds are expected to be listed on Oslo Børs on or about 8 February 2023.


Subject to applicable local securities laws, the Prospectus may be downloaded
from https://www.noreco.com (http://www.noreco.com/debt)

***

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

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: www.noreco.com.

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