🕐21.05.13 - 09:27 Uhr

NORDIC ENERGY: DIRECTORATE CHANGE, ADVISER APPOINTMENT AND ISSUE OF EQUITY



Nordic Energy PLC/ Index: ISDX / Epic: NORP / Sector: Oil & Gas 21 May 2013 Nordic Energy PLC (Nordic or the Company) Directorate change, Adviser Appointment and Issue of Equity Nordic Energy PLC, a company focussed on making investments in the North Sea oil and gas sector, is pleased to announce the appointment of Ian Donald and Kenneth Paul Seymour as non-executive directors to the Company with immediate effect. The Company is further pleased to announce the appointment of St Brides Media & Finance Ltd to assist Nordic with its financial PR strategy.

The Company has agreed to issue new ordinary shares in consideration of this service and has today, accordingly, issued 480,000 new ordinary shares at a price of 1.25p per share. The information below in relation to Mr.

Donald and Dr.

Seymour is disclosed pursuant to the ISDX Rules for Issuers paragraph 18, Appendix 1. Mr.

Ian Donald - Non-Executive Director Mr.

Donald has 30 years experience in the subsea & field development aspects of the offshore energy sector.

He has fulfilled board, executive, technical and project management roles within the operator, major service company and SME environments with demonstrable success. Mr.

Donalds past and present directorships / partnerships are as follows: Present directorships / partnerships Directorships / partnerships held over past 5 years
Dashstream Ltd Mountwest 734 Ltd Haven Homes (Scotland) Ltd Sigma Natural Resources Ltd Haven Development Company Ltd
Strathdon Ventures Ltd
Cansco Subsea Ltd
Mr.

Donald was appointed a director of Haven Homes (Scotland) Ltd on 12 December 2002 which was placed into compulsory liquidation on 10 October, 2012. Dr.

Ken Seymour Dr.

Seymour is an upstream oil industry manager with over 30 years experience in international operations assisting clients in acquiring and developing their upstream assets.

He has had 22 years formal employment with quoted mature E&P companies with market caps in excess of US$1bn at companies including CNR, BP Exploration and E.ON Ruhrgas. Dr.

Seymours past and present directorships / partnerships are as follows:
Present directorships / partnerships Directorships / partnerships held over past 5 years
Pennmen Ltd Ranger Oil Ltd Pennmen Property Shropshire Plant Ltd Kenok Energy Ltd Pennhire Ltd Equator Exploration Nigeria Ltd E.ON Ruhrgas Nigeria Ltd
No further details need to be disclosed pursuant to paragraph 18, Appendix 1. Rudy Kleiber, CEO of Nordic, commented: "I am delighted to welcome the talents of both Ian and Ken to the Board.

This is an exciting time for the Company following the recent award to NikOil, a private company owned by myself and Pat Rocholl, our CFO, of a large offshore exploration and production licence in the Danish North Sea.

Subject to Danish Government consent, this licence will be transferred to Nordic Energy and become our first project, a major milestone for the Company.

With extensive oil and gas experience behind both Ian and Ken, we look forward to working with our new Non-Executive Directors as we aim to deliver on our strategy of building and developing a multi-stage portfolio of highly prospective oil and gas assets in the Nordic region." The Directors of the Company are responsible for the contents of this announcement. **ENDS** For further information please visit www.nordicenergyplc.com or contact: Enquiries: Rudolf Kleiber Nordic Energy Plc Tel: 01932 865 111 Patrick Rocholl Nordic Energy Plc Tel: 020 7283 0179 Jo Turner / Liam Murray Cairn Financial Advisers Tel: 020 7148 7900 Frank Buhagiar St Brides Media & Finance Ltd Tel: 020 7236 1177 Lottie Brocklehurst St Brides Media & Finance Ltd Tel: 020 7236 1177
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