Corral Petroleum Holdings AB (publ)

INTERIM REPORT FOR NINE MONTHS ENDED SEPTEMBER 30, 2009

Financial highlights • Sales revenue for the third quarter of 2009 amounted to 15,709 MSEK compared to 24,822 MSEK in the third quarter of 2008. • EBITDA for the third quarter of 2009 amounted to 449 MSEK compared to negative 494 MSEK in the third quarter of 2008. • Operating income for the third quarter of 2009 amounted to 201 MSEK compared to negative 739 MSEK in the third quarter of 2008. • Net income for the third quarter of 2009 amounted to 648 MSEK compared to negative 1,656 MSEK in the third quarter of 2008. • Cash flow used in operating activities for the third quarter of 2009 was 977 MSEK compared to cash flow used in operating activities of 338 MSEK in the third quarter of 2008. • Weighted business refining margin for the third quarter of 2009 was 3.43 $/bbl compared to 7.84 $/bbl in the third quarter of 2008.