Trading commences in Alliance Oil’s preference shares on 28 December 2012

12/21/2012 5:00 AM EST

Alliance Oil Company Ltd
Company Announcement

Trading commences in Alliance Oil’s preference shares on 28 December 2012

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN OR TO AUSTRALIA, HONG
KONG, JAPAN, CANADA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, USA OR ANY OTHER
JURISDICTION WHERE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL 

Following completion of its SEK 1,350 million (approximately USD 202 million)
preference share offering, the preference shares, represented by Swedish
Depositary Receipts (“SDRs”) (Ticker: AOIL SDB PREF, ISIN SE0004949691), will
be listed on NASDAQ OMX Stockholm on Friday 28 December 2012, one business day
earlier than previously anticipated. Preference share SDRs will be converted
from special rights in the Euroclear system on Wednesday 2 January 2013. 



For further information please contact:

Pavel Kim, Head of Investor relations, tel. +7 495 777 18 08, ext 1056

Jakob Sintring, Investor Relations, tel. +46 8 611 49 95



Also visit www.allianceoilco.com



Alliance Oil Company Ltd is a leading independent oil and gas company with
vertically integrated operations in Russia and Kazakhstan. Alliance Oil has
proved and probable reserves of 760 million barrels of oil equivalent and
downstream operations that includes the Khabarovsk refinery and the leading
network of gas stations and wholesale oil products terminals in the Russian Far
East. Alliance Oil's depository receipts are traded on the NASDAQ OMX Nordic
under the symbol AOIL. 



Important information

This press release is not an offering to subscribe for securities in Alliance
Oil but an announcement the first day of trading of Alliance Oil’s preference
shares. Further information regarding the rights issue can be found in the
prospectus which was approved by the Swedish Financial Supervisory Authority on
30 November 2012. Terms not defined in this press release have the same
meanings as defined in the prospectus. 

The distribution of this press release may in certain jurisdictions be subject
to legal restrictions, and persons who access it, or part of it, should
familiarize themselves with and comply with such legal restrictions. The
information in this press release does not constitute an offering to sell
securities or solicitation to buy securities; neither shall there be any sale
of the securities referred to herein in any jurisdiction in which such an
offering or solicitation to buy or sell would require the production of
additional prospectuses or any other offering documents, or would not be legal
without registration or applicable exemptions from registration pursuant to
securities legislation in such jurisdictions. 

This press release neither constitutes, nor represents part of an offering or
solicitation of an offering to buy or subscribe for securities pursuant to the
US Securities Act of 1933, as amended (“Securities Act”), and any securities
referred to herein may not be offered or sold in the United States of America
without registration in accordance with the Securities Act or exemptions
related to it. The securities referred to herein are not offered to the public
in the United States of America and copies of this press release will not be
made available and may not be distributed or sent, wholly or in part, directly
or indirectly to the United States of America, Australia, Canada, South Africa,
Switzerland, Hong Kong or Japan. 

Carnegie and Swedbank are acting on behalf of the Company and for no other
party in connection with the Offering and will not be liable to any party
except the Company as agreed between the parties. 

Carnegie and Swedbank do not accept any responsibility whatsoever and do not
provide any guarantee, either explicitly or implicitly, regarding the content
of this document, including its accuracy, its comprehensiveness or its
verification, or for any statement that has been made or is intended to be made
by these or on their behalf in connection with the Company and the Offering and
nothing in this press release is or shall be relied upon as an undertaking or
commitment in this respect, irrespective of the future or the past. In
accordance herewith, Carnegie and Swedbank completely disclaim liability to the
extent permitted by law, as well as all liability, regardless of whether it
pertains to damages, agreements or any other matter that it would otherwise
have had in respect of this press release or any such statement. 

This press release has not been approved by any authority. This press release
is not a prospectus and investors should not subscribe for or purchase
securities referred to in this press release, except for those based on
information in the prospectus that will be published in accordance with the
above. 

This press release contains forward-looking statements that reflect executive
management’s current view of future events and potential financial development.
While Alliance Oil believes that the expectations described in such statements
are reasonable, there is no guarantee that these forward-looking statements
will be realized or correct. Consequently, as a result of various factors, the
outcome of such statements could differ significantly from the forward-looking
statements. The reader is urged to read this press release and the prospectus
and any information incorporated through reference therein for a further
discussion of the factors that could affect Alliance Oil’s future performance
and the markets and industries where the Company is active. In the light of
these risks, uncertainties and assumptions, it is possible that the events
described in the forward-looking statements in this press-release will not be
known.