Press Releases

NORECO (OSL:NOR) Stavanger, 15 October 2008: Norwegian Energy Company ASA (Noreco - OSE:NOR), Noreco will present the results for Q3 2008 on Thursday 23 October 2008 at 09.00 Norwegian time. The presentation will take place at Felix konferansesenter, Bryggetorget 3, Oslo. The presentation can also be followed by webcast on Noreco`s web page www.noreco.com or at www.oslobors.no/webcast

Noreco will further host an analyst conference call with possibilities for questions and answers later the same day at 16:00 Norwegian time. To join the conference please call 800 888 60 for participants in Norway or + 47 23 10 93 50 for participants outside Norway. Pin code 131092

For further information, please contact: Einar Gjelsvik, VP Investor / External Relations (+47 992 83 856) www.noreco.com

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

NORECO

http://www.noreco.com

ISIN: NO0010379266

Stock Identifier: XOSL.NOR