Norse Energy Corp ASA: Completion of Loan Conversion

Regulatory news:

Reference is made to the announcement by Norse Energy Corporation ASA ("NEC") (OSE:NEC) on 7 August 2013 regarding a notification on conversion of NOK 1,600,000 under the NOK 7,100,000 Convertible Loan.

Following the completion of the conversion, the share capital of NEC was registered increased on 22 August 2013. The new registered share capital is NOK 53,229,493.72 divided on 709 726 583 shares, each having a par value of NOK 0.075.

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.

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