Exercise of convertible bonds in PA Resources AB

On 10 September 2009, 2,930,697 new shares in PA Resources AB (publ) were registered with the Swedish Companies Registration Office as a result of completed conversions of PA Resources' convertible 2008/2014.

On 10 September 2009, 2,930,697 new shares in PA Resources AB (publ) were registered with the Swedish Companies
Registration Office as a consequence of convertible bonds with a nominal value of SEK 46,891,152 being exercised for conversion. The conversion price is 16 SEK per share.
 
Following the conversions, PA Resource's share capital is SEK 79,722,350.50 divided on 159,444,701 shares.
The total loan amount of outstanding convertible bonds amounts to SEK 1,117,220,880 after the conversion.
 
The registered share capital increase relates to applications for conversion filed during the first week of September 2009. The conversion period runs throughout the month of September.
 
The new shares are listed on the Oslo Stock Exchange and NASDAQ OMX Nordic Exchange Stockholm, after the new shares are registered with the Companies Registration Office.
 
Stockholm, 11 September 2009
PA Resources AB (publ)
 
 
For additional information, please contact:
Bo Askvik
Executive Vice President and CFO
PA Resources AB
Telephone: +46 8 21 83 82
Mobile: +46 70 819 59 18
 
or
 
Ann-Kristin Littorin
Head of Corporate Communication
PA Resources AB
Mobile: +46 73 923 03 68
 
 
 
PA Resources AB (publ) is an international oil and gas group with the business strategy to acquire, develop, exploit and divest oil and gas reserves, as well as explore new findings. The Group operates in Tunisia, United Kingdom, Denmark, Greenland, Netherlands, Equatorial Guinea and the Republic of Congo (Brazzaville). PA Resources is today one of the largest oil producers in Tunisia. The parent company is located in Stockholm, Sweden.
PA Resources' net sales amounted to SEK 2,420 Million during 2008. The company is primary listed on the Oslo Stock Exchange in Norway (segment OB Match) and secondary listed on the NASDAQ OMX Nordic Exchange in Stockholm, Sweden (segment Mid Cap). For additional information, please visit www.paresources.se.

About Us

PA Resources AB is an international oil and gas group which conducts exploration, development and production of oil and gas assets. The Group operates in Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, United Kingdom, Denmark, Greenland, Netherlands and Germany. PA Resources is producing oil in West Africa and North Africa. The parent company is located in Stockholm, Sweden. PA Resources’ net sales amounted to SEK 2,154 million during 2011. The company is listed on the NASDAQ OMX in Stockholm, Sweden (segment Mid Cap).

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