Mundo: Noreco: Update on the Tyra Redevelopment Project (2)

FORWARD LOOKING STATEMENTS. Matters discussed in this announcement include forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as «believe,» «expect,», «plans», «anticipate,» «intends,» «estimate,» «will,» «may,» «continue,» «should» and similar expressions. Forward-looking statements include statements regarding: objectives, goals, strategies, outlook and growth prospects; future plans, events or performance and potential for future growth; liquidity, capital resources and capital expenditures; economic outlook and industry trends; commodity prices and developments in the Company’s markets. The forward-looking statements in this announcement are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause the actual results of the Company or the industry to differ materially from those results expressed or implied in this announcement by such forward-looking statements.No representation is made that any of these forward-looking statements will come to pass or that any forecast result will be achieved and you are cautioned not to place any undue influence on any forward-looking statement. The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

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.

Contact:

Cathrine Torgersen, EVP Investor Relations & ESG

Phone: +47 915 28 501

Email: ct@noreco.com

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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