INSIDER TRADING NOTICE

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In the last share issue, the following board members and CEO have subscribed to shares at NOK 0.05 per share:

  • CEO Arild Tolfsen private and through Realium Invest AS 6.45 mill shares for NOK322 500. New total shareholding: 13 401 279
  • Chairman Øistein Nyberg 3.45 mill shares for NOK172 500. New total shareholding: 5 867 074
  • Board member Svein Ove Bjørnestad through Hong Invest AS 3 mill shares for NOK150 000. New total shareholding: 18 mill shares
  • Board member Kjell Øivind Hansen 1.5 mill shares for NOK75 000. New total shareholding: 10 256 521

Board and key personnel will have an ownership of about 15 % of the company.

The last share issue originally reported to NOK 3.7 million will now have a total of NOK 4.78 million, equivalent to 95.6 mill new shares to be issued. After the share issue there will be 427 269 166 shares outstanding in the company.

Fredrikstad, Norway 24.3.2011
 
Nordic Petroleum AS
Contact Arild Tolfsen with enquiries,
Mobile : +47 93 09 98 59,
E-mail : arild.tolfsen@nop.as