NORP Nordic Panorama

                                                                  21 March 2014

        Nordic Energy PLC/ Index: ISDX / Epic: NORP / Sector: Oil & Gas

                               Nordic Energy Plc

                          ("Nordic" or the "Company")

                                 AGM Statement

The Board of Nordic Energy PLC, an oil and gas E&P company focussed on Denmark,
Norway and the North Sea sectors of the Netherlands and the UK (the Nordic
Area), will deliver the following statement at the Company's Annual General
Meeting (AGM) being held today at 11.30am at its offices on the 1st Floor, 111
Cannon Street, London, EC4N 5AR.

"Since inception of the Company, we have been working hard to achieve our
stated strategy and the board is pleased to have been able to report the
significant milestones which we have reached to date.

Our main focus has understandably been on developing Licence 1/13 ("Licence")
that we acquired last year although application was made at the beginning of
January 2014 for a further 8 offshore blocks in the area. We have now been
invited to engage in the negotiation process with the Danish Energy Agency and
are hopeful that we can add this licence to our existing one which is already
the largest exploration licence in the Danish North Sea.

In February 2014, we announced our highly encouraging results from the
structural interpretation on Licence 1/13 and we are pleased to advise that we
have mapped a shallow gas accumulation previously penetrated by a well drilled
for a deeper target allowing us to now recognise a discovery on the Licence
area. This announcement also stated that we have now identified 20 prospects
and leads which is a significant increase from the 8 previously reported. We
see these results as very positive and are continuing to work on technical
studies to help further our knowledge of the potential in the area.

As stated in our technical update in February, we hope to deliver a CPR in
early Q2 of this year and we remain on target to do so. We will be updating
shareholders with the results of the CPR as soon as the report is available
and, in advance of these results, the board is considering different options to
allow us to start our next stage of seismic analysis.

Overall, the board is encouraged and enthused by the results that have been
identified so far and we look forward to updating shareholders on the
development of this asset. "

For further information please visit www.nordicenergyplc.com or contact:

Enquiries:

Rudolf Kleiber
Nordic Energy PLC
Tel: +44 20 7283 0179

Patrick Rocholl
Nordic Energy PLC
Tel: +44 20 7283 0179

Jo Turner
Cairn Financial Advisers LLP
Tel: +44 20 7148 7900

Liam Murray
Cairn Financial Advisers LLP
Tel: +44 20 7148 7900

Kelsey Traynor
Yellow Jersey PR Limited
Tel: +44 7799 003 220

Dominic Barretto
Yellow Jersey PR Limited
Tel: +44 7768 537 739

Chris Crawford
Allenby Capital Ltd
Tel: +44 20 3328 5656

Notes

Nordic Energy is an oil and gas exploration & production company focused on the
North Sea and northern Europe. The Company listed on the ISDX Growth Market in
October 2012 to acquire low cost entry opportunities in the UK, Danish and
Dutch offshore sectors. The Directors have significant experience in the Nordic
Region in particular and are focused on building a multi-project portfolio at
various stages of development including exploration and production.

The
Directors have been assessing a number of assets in the Nordic Region and have
a pipeline of projects including exploration, development and production in
Denmark, the Netherlands and offshore UK.

The Company's focus is on exploration success in the Danish North Sea to create
near-term value for shareholders. The Company will leverage its industry
experience to acquire prospective low-cost exploration assets and production in
the Nordic region and re-evaluate prospectivity by applying modern technology.
The Board of Directors plans to use surplus cash flow from producing asset(s)
to fund future exploration activity. A tight control of corporate overheads
will maintain focus on operational value delivery.