INTERIM REPORT FOR THREE MONTHS ENDED SEPTEMBER 30, 2007

FOR IMMEDIATE RELEASE
Date: November 30, 2007
Stockholm

Organizational Structure

Corral Finans AB (publ) was established in March 2007 and is a wholly-owned subsidiary of Moroncha Holdings Co. Ltd., which is, in turn, wholly-owned by Mr. Mohammed Hussein Al-Amoudi. On March 29, 2007, Corral Finans purchased all of the issued and outstanding shares of Corral Petroleum Holdings AB from Moroncha Holdings Co. Ltd. The acquisition was mainly financed by EURO 355,000,000 floating rate split coupon notes and USD 350,000,000 floating rate split coupon notes on April 12, 2007. The operating company, Preem Petroleum AB, is wholly-owned directly by Corral Petroleum Holdings AB. In February 2006, Corral Petroleum Holdings AB sold all of the shares of Corral Morocco Holdings AB to Corral Morocco Gas & Oil AB, a wholly-owned subsidiary of Moroncha Holdings Co. Ltd.

This report includes unaudited financial information of Corral Petroleum Holdings AB for the third quarter of 2006. Because Corral Finans AB (publ) did not exist during the comparative period of 2006, in order to give an informative presentation of the historical performance of our business operations, we present the unaudited pro forma consolidated financial statements of Corral Petroleum Holdings AB for the third quarter 2006 as if the results of operations of Corral Morocco Holdings AB had not been consolidated with those of Corral Petroleum Holdings AB. No other adjustments have been made to the pro forma information.

Financial highlights

• Sales revenue for the third quarter of 2007 amounted to 15,154 MSEK compared to pro forma 17,257 MSEK in the third quarter of 2006
• Operating income for the third quarter of 2007 amounted to 606 MSEK compared to pro forma 148 MSEK in the third quarter of 2006
• Net income for the third quarter of 2007 amounted to 456 MSEK compared to pro forma loss of 111 MSEK in the third quarter of 2006
• Cash flow from operating activities in the third quarter of 2007 was negative 1,489 MSEK compared to pro forma 1,557 MSEK in the third quarter of 2006
• Weighted business refining margin for the third quarter of 2007 declined to 3.97 USD/bbl compared to 5.70 USD/bbl in the third quarter of 2006



For further information, please contact:
Magnus Heimburg
Tel: +46-10-450 10 44
Email: magnus.heimburg@preem.se