Talisman Energy increases its holding in Lundin Oil to 98.5 per cent of the shares and votes

This press announcement is a translation from the Swedish language. In the event of any discrepancy between the Swedish version and the English version, the Swedish version shall prevail. PRESS ANNOUNCEMENT Talisman Energy increases its holding in Lundin Oil to 98.5 per cent of the shares and votes Talisman Energy's public offer to the holders of shares and warrants in Lundin Oil AB (publ) has during the further extended acceptance period that expired on September 14, 2001, been accepted to such an extent that Talisman Energy's aggregate holding will represent 98.5 per cent of the shares and voting rights in Lundin Oil, on a fully-diluted basis. Payment for shares tendered during that extended acceptance period is expected to be made on September 27, 2001 As previously announced, Talisman Energy has initiated the compulsory acquisition procedures in respect of the minority shares in Lundin Oil. Lundin Oil has requested the delisting of its shares from the Stockholmsbörsen and its global depositary shares from Nasdaq, with October 5, 2001 as the last day of trading. Stockholm, September 25, 2001 Talisman Energy Inc. Talisman Energy AB Contact persons: Talisman Energy Swedbank Markets David Mann, Manager Henrik Morén Investor Relations Corporate Finance Corporate Communications Telephone: +1-46-8-585 918 00 Telephone: +1 403 237 1196 E-mail: tlm@talisman-energy.com Talisman's web site: http://www.talisman-energy.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/09/25/20010925BIT00820/bit0002.DOC http://www.waymaker.net/bitonline/2001/09/25/20010925BIT00820/bit0002.pdf