Reference is made to the stock market announcement on 27 February 2020, where
Norwegian Energy Company ASA ("Noreco" or the "Company") announced an initiation
of a share buyback programme of up to 160,000 of its own shares.

Noreco has on 9 March 2020 purchased 5,601 of its own shares at an average price
of NOK 138.0996 per share. After this transaction the Company holds a total of
310,790 own shares.

The transaction is completed in accordance with the authorization given by
Noreco's annual general meeting on 28 June 2018, which is valid until 28 June
2020.

The information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

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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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© Oslo Bors ASA, source Oslo Stock Exchange