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CORRAL PETROLEUM HOLDINGS AB (publ) Report for the first quarter ended March 31, 2016

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FOR IMMEDIATE RELEASE

Date: May 26, 2016

London

This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) (“Corral Petroleum Holdings”) and its consolidated subsidiaries, for the first quarter of 2016 and for the comparative period in 2015.

Financial highlights

  • Sales revenue for the first quarter of 2016 amounted to 11,726 MSEK compared to 16,598 MSEK in the first quarter of 2015.
  • EBITDA[1] for the first quarter of 2016 amounted to 1,022 MSEK compared to 1,550 MSEK in the first quarter of 2015.
  • Adjusted EBITDA[1] for the first quarter of 2016 amounted to 873 MSEK compared to 1,266 MSEK in the first quarter of 2015.
  • Operating profit for the first quarter of 2016 amounted to 775 MSEK compared to 1,316 MSEK in the first quarter of 2015.
  • Net income for the first quarter of 2016 amounted to 395 MSEK compared to a net loss of 219 MSEK in the first quarter of 2015.
  • Cash flow from operating activities for the first quarter of 2016 was 2,655 MSEK compared to cash flow from operating activities of 1,621 MSEK in the first quarter of 2015.
  • Weighted business refining margin for the first quarter of 2016 was 4.19 $/bbl compared to 6.26 $/bbl in the first quarter of 2015.

[1] For a reconciliation of our EBITDA and EBITDA to Adjusted EBITDA, please see the financial statements section on page 13.

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