NORECO (OSL:NOR) Share Capital Increase

NORECO (OSL:NOR) Stavanger, 22 January 2009: Norwegian Energy Company ASA (OSE:NOR)

The share capital increase in Noreco announced 2 January 2009 has been registered in the Norwegian Registry of Business Enterprises.

Noreco`s share capital is NOK 445,993,704.70 divided on 143,868,937 shares, each with a nominal value of NOK 3.10. Noreco's Articles of Association have been amended accordingly.

Please find attached the updated company certificate.

For further information, please contact:

Scott Kerr, CEO (+47 992 83 890) Einar Gjelsvik, Vice President Investor Relations (+47 992 83 856)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



LINK: http://hugin.info/138447/R/1284285/287715.pdf

NORECO

http://www.noreco.com

ISIN: NO0010379266

Stock Identifier: XOSL.NOR