Recommendation from the Nomination Committee to the Annual General Meeting to be held 15 May 2008

§ 10 Election of Directors to the Board Rolf Einar Ahlqvist and Bjørge Gretland have notified the Election Committee that they wish to resign. The Nomination Committee recommends that Christian Bull Eriksson and Geir Worum are elected as Directors and that Knut Åm is elected as the Chairman of the Board. The new board of Directors will thus according to the recommendation consist of • Knut Åm (Chairman) • Kristijane Cook Bulukin • Christian Bull Eriksson • Kristine Holm • Geir Worum § 11 Election of Nomination Committee One of the members of the Company's Nomination Committee, Marcus Hansson, has resigned from the Committee. The current members are Knut Åm and Rolf Norås Pettersen, whose term expires on the annual general meeting to be held in 2009. The Nomination Committee proposes that Rolf Einar Ahlqvist is elected as an additional member for a term running until the annual general meeting to be held in 2009. * * * Knut Åm, Chairman of The Nomination Committee - Badger Explorer ASA