Receipt of Request for Special General Meeting

HOUSTON, Jan. 18, 2012 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) (the "Company") has received a request on behalf of Geveran Trading Co. Ltd., the owner of approximately 33.27% of the Company's outstanding shares, that a special general meeting of the Company be convened for the purpose of removing the current directors and electing new directors. Geveran's stated purpose in requesting the special general meeting is to remove the current directors and replace them with directors who prefer a more aggressive dividend strategy than the strategy adopted by the existing directors.

A notice of a special general meeting together with proposed agenda items will be distributed on behalf of the Board of Directors of the Company in due course.

About the Company
Northern Offshore, Ltd. is a Bermuda holding company which operates offshore oil and gas production and drilling vessels in various markets around the world, including the North Sea, the Indian Ocean, the Mediterranean Sea and Southeast Asia. The company's fleet consists of one floating production facility and five drilling units (a drillship, a semisubmersible and three jackup drilling rigs). More information on Northern Offshore, Ltd. may be found by visiting the company's website at http://www.northernoffshorelimited.com.

For further information, please contact:
Brian Hefty at 713-739-7686,
or via email at [email protected].

SOURCE Northern Offshore, Ltd.