UPDATE ON PETROLIA BONDS – LAST BUYBACK

Reference is made to our notice 11 September 2012 regarding buy back of bonds.

Buy Back of Bonds – 3rd and last part completed:

Petrolia has purchased bonds in its ISIN NO0010440258 for NOK 22 999 998.

Status post the above transaction:

ISIN NO0010440258:                                     “Old Bond Loan” ticker: PRD 04 PRO

            Outstanding balance                          = NOK 55 999 998

            Remaining buy back commitment      = NOK 0

            Borrower’s Bonds                               = NOK 24 499 998

ISIN NO0010683592:                                     “New Bond Loan” ticker: PDR 05 PRO

            Outstanding balance                          = NOK 288 500 002

            Borrower’s Bonds                              = NOK 124 103 983

The holding of own bonds will be used as a part of the company’s long-term funding program.

Limassol/Bergen, 19 June 2014

Contact persons:
                Mr. Kjetil Forland, Managing Director                 e-mail: kjetil.forland@petrolia.no
                Mr. Sølve Nilsen,  Finance Manager                  e-mail: solve.nilsen@petrolia.no

About Petrolia SE

Petrolia SE has three business segments: E&P, Drilling & Well Technology and OilService and is listed on Oslo Stock Exchange under the ticker code PDR. The core activity includes Petrolia Norway AS, an independent oil & gas company approved as a licensee on the Norwegian Continental Shelf. In addition, Petrolia SE owns Independent Oil Tools Group, a leading rental equipment company for the global oil industry. The company employs a staff of around 350 highly competent employees worldwide.

This information is subject of the disclosure requirements acc. to § 5-12 vphl (Norwegian Securities Trading Act)