Report for the First Quarter Ended March 31, 2017

This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) and its consolidated subsidiaries for the first quarter of 2017.

Financial highlights – First Quarter 2017

• Sales revenue for the first quarter of 2017 amounted to 18,159 MSEK compared to 11,726 MSEK in the first quarter of 2016.
• EBITDA1 for the first quarter of 2017 amounted to 1,429 MSEK compared to 1,022 MSEK in the first quarter of 2016.
• Adjusted EBITDA1 for the first quarter of 2017 amounted to 1,184 MSEK compared to 873 MSEK in the first quarter of 2016.
• Operating profit for the first quarter of 2017 amounted to 1,182 MSEK compared to 775 MSEK in the first quarter of 2016.
• Net profit for the first quarter of 2017 amounted to 728 MSEK compared to a net profit 395 MSEK in the first quarter of 2016.
• Cash flow from operating activities for the first quarter of 2017 was 1,227 MSEK compared to cash flow from operating activities of 2,650 MSEK in the first quarter of 2016.
• Weighted refining margin for the first quarter of 2017 was 5.49 $/bbl compared to 4.01 $/bbl in the first quarter of 2016.

An international conference call for investors and analysts will be held on June 1 2017 at 3:00 pm CET. The call-in number is +46 8 5052 0110 meeting code: Preem.

The report for the second quarter and six months ending June 30, 2017 will be released on August 29, 2017.