08/13/2013

13 August 2013

Norse Energy Corp. ASA ("NEC") has received a notification of conversion of NOK 2,000,000 of its NOK 7,100,000 convertible loan at a conversion price per share of NOK 0.075, representing issue of a total of 26,666,667 new shares. The conversion will be effected as soon as possible.

The Company has a significant land position of ~130,000 net acres in New York State with certified 2C contingent resources of 951 MMBOE as of 31 December 2012.

For further information, please contact:

Chris Steinhauser, Chief Financial Officer
csteinhauser@norseenergy.com
Office: +1 713 975 1900
S. Dennis Holbrook, Chief Legal Officer
dholbrook@norseenergy.com
Office: +1 716 568 2048

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