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Regulatory press release

North Energy ASA - Results for the third quarter 2023

North Energy
8.11.2023 07:30:01 CET | North Energy ASA | Half yearly financial reports and
audit reports / limited reviews

North Energy ASA ("North Energy" or "Company") recorded a comprehensive loss of
NOK 1.3 million in the third quarter of 2023 compared to a comprehensive income
of NOK 0.9 million in the same quarter last year. The loss reported this quarter
is mostly driven by a decline in the value of financial investments offset by a
positive net result from associated companies.

At the end of the third quarter 2023, North Energy's total investment portfolio
had a market value NOK 442.4 million, up from NOK 409.1 million at the end of
same quarter last year. The portfolio consists of industrial holdings, listed
financial investments and other financial investments.

The report for the third quarter 2023 is attached here and also available on the
Company's website, www.northenergy.no - http://www.northenergy.no.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

CONTACTS

* Rune Damm, CFO, (+47) 4166 6685, rune.damm@northenergy.no

ATTACHMENTS

NE Interim report Q3 2023.pdf -
https://kommunikasjon.ntb.no/ir-files/17847319/2730/3814/NE%20Interim%20report%2
0Q3%202023.pdf
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