That is likely exactly what will happen within the next 6-12 months. And the price will probably be the same 35 NOK. You might start getting some notices in the mail, but nothing is stopping you from selling on the exchange as soon as tomorrow. That’s my understanding, and I’m in the same boat as you — my own investment is in the black in NOK terms, but not in EUR.
I’ll probably sell on the exchange soon and set up a NOK account where I’ll park the investment for a while.