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Noreco holds 67% of Altinex

Stavanger, 16th July, 2007: Norwegian Energy Company ASA (Noreco) has acquired an additional 8,600,000 shares in Altinex ASA (OSE: ALX), representing 4.35% of the total shares outstanding.

Stavanger, 16th July 2007: Norwegian Energy Company ASA (Noreco) has acquired an additional 8,600,000 shares in Altinex ASA (OSE: ALX), representing 4.35% of the total shares outstanding. Following this purchase, Noreco owns and has the right to acquire a total of 132,522,331 shares in Altinex ASA, representing 67.00% of the total shares outstanding.