North Energy: North Energy ASA - Increases its holdings in PL 484 in the Norwegian Sea

   North Energy: North Energy ASA - Increases its holdings in PL 484 in the                                 Norwegian Sea  Alta, 20 August 2014  North Energy  ASA  is increasing  its  equity holding  in  PL 484  through  an  agreement on swapping licence interests with Explora Petroleum AS.  Under the agreement on swapping  licence interests, North Energy will  acquire  20 per cent of PL 484 in the Norwegian Sea and transfer 10 per cent of PL  722  in the Barents Sea to Explora Petroleum.  The agreement is conditional  on government approval,  and the effective  date  has been set as 1 July 2014.  Further information from:  Erik Karlstrøm, CEO Mob: +47 476 52990 | E-mail: erik.karlstrom@northenergy.no  Knut Sæberg, CFO Mob: +47 918 00 720 | E-mail: knut.saeberg@northenergy.no  Kristin Ingebrigtsen, vice president organisation and communication Mob: +47 926 05 601 E-mail: kristin.ingebrigtsen@northenergy.no     This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.  ------------------------------------------------------------------------------  This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: North Energy via Globenewswire HUG#1849833  
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