North Energy ASA ("North Energy" or "Company") recorded a comprehensive income
of NOK 13.1 million in the first quarter of 2024 compared to a comprehensive
loss of NOK 7.2 million in the same quarter last year. The income reported this
quarter is mostly driven by a positive change in fair value of financial
investments offset by operational expenses and loss from associated companies. 

At the end of the first quarter 2024, North Energy's total investment portfolio
had a market value NOK 497.5 million, up from NOK 439.4 million at the end the
first quarter last year. The portfolio consists of industrial holdings, listed
financial investments and other financial investments. 

The report for the first quarter 2024 is attached and available on the Company's
website, 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

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