North Energy ASA ("North Energy " or "Company") recorded a comprehensive income ofNOK 13.1 million in the first quarter of 2024 compared to a comprehensive loss ofNOK 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 valueNOK 497.5 million , up fromNOK 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 CONTACTSRune Damm , CFO, (+47) 4166 6685, rune.damm@northenergy.no
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