BLUENORD ASA Oslo ,11 March 2022 : With reference to the option program forNorwegian Energy Company ASA ("Noreco" or the "Company"), as approved by the general meeting of the Company on8 November 2018 and later amended, the number of granted options has, due to the exercise of options held by a former director of the board, been reduced by 111,666 to 562,202, with 450,000 options remaining to be granted under the program, each option giving the right to acquire or subscribe for one share in the Company upon exercise. Contact:Cathrine Torgersen , EVP Investor Relations & ESG Email: ct@noreco.com *** AboutNorwegian 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 theOslo Stock Exchange (ticker NOR). For further information, please visit: www.noreco.com.
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