North Energy ASA - Request for an extraordinary general meeting

The Board of North Energy ASA (“North Energy” or “Company”) has today received a request from a shareholder group representing 21.85% of outstanding shares to summon for an extraordinary general meeting. The shareholder group is proposing that the following items are put on the agenda: 1) election of a new board of directors, 2) proposal to grant the board an extraordinary dividend authorisation of up to NOK 1.9 per share, and 3) remuneration to the board.

North Energy will treat the request according to the rules of the Norwegian Public Limited Liability Companies Act and intend to summon for an extraordinary general meeting in accordance therewith.