NORP Nordic Panorama

                                                                  30 March 2015

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

                               Nordic Energy Plc

                          ("Nordic" or the "Company")

                     Signing of Non-binding Heads of Terms

Nordic Energy, the oil and gas exploration & production company focused on the
North Sea and northern Europe, is pleased to announce that, on 27 March 2015, it entered into
non-binding heads of terms to acquire the entire issued share capital of an
onshore UK oil production company.

The terms of the agreement are subject to due diligence and the parties to the
transaction anticipate an exchange of contracts before 31 May 2015, during
which time the Company has exclusivity.

Company will update the market further once it has concluded its due diligence.

                                   **ENDS**

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   Tel: +44 20 7148 7900
                          LLP

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

Chris Crawford            Allenby Capital            Tel: +44 20 3328 5656