Changes in PA Resources’ Group Management

Nicolas Adlercreutz has decided to resign from his position as Chief Financial Officer (CFO) of PA Resources AB to take up a similar position with another listed company. Nicolas will remain in his position at PA Resources until mid-February. The process to find his successor has been initiated.

"I would like to thank Nicolas for the commitment and work that he has done as CFO, says Bo Askvik, President and CEO of PA Resources. I am sorry to see him leave, but I wish him all the best in his new challenges.”

Stockholm, 21 August, 2012

PA Resources AB (publ)

For additional information, please contact:
Bo Askvik, President and CEO, PA Resources AB
+46 708 19 59 18, ir@paresources.se

PA Resources AB is an international oil and gas group which conducts exploration, development and production of oil and gas assets. The Group operates in Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, United Kingdom, Denmark, Greenland, Netherlands and Germany. PA Resources is producing oil in West Africa and North Africa. The parent company is located in Stockholm, Sweden. PA Resources’ net sales amounted to SEK 2,154 million during 2011. The company is listed on the NASDAQ OMX in Stockholm, Sweden (segment Mid Cap). For additional information, please visit www.paresources.se.

The above information has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 08.30 CET on 21 August, 2012.

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