Information about transfer of PA Resources convertible bonds between Sweden and Norway

DnB NOR ASA announces that transfer of PA Resources AB's convertible bonds between Sweden and Norway will be temporarily stopped from 27 December 2010 to 17 January 2011 in connection with payment of interest.

The possibility to transfer the convertible bonds between Sweden and Norway will be stopped temporarily, due to the upcoming interest payment to holders of PA Resources AB's convertible bonds 2008/2014 with ISIN-code SE0002694455.

The last date for transferring convertible bonds between Sweden and Norway is 27 December 2010. Transfers which are not executed on 28 December 2010 will be cancelled on 29 December 2010. As of 18 January 2010, it will be possible again to transfer convertible bonds between Sweden and Norway.

Interest Payment
The interest for the current period is to be distributed on 17 January 2011 to persons who are registered as holders of the convertible bonds in the Company's register at Euroclear Sweden AB ("Euroclear") (former VPC AB) in Sweden on the record date 10 January 2011. If the holding is registered at VPS ASA ("VPS") in Norway, the interest payment will be made to those who are registered as holders of the convertibles in VPS on the 31 December 2010, due to administrative routines.

 If the convertible bonds are registered in a VPC account with Euroclear or a VPS account with VPS, Euroclear and DnB NOR will manage the interest payment to the bank account connected to the VPC account or the VPS account. If such a bank account is not specified, the interest payment will be sent to the address specified in the register with Euroclear or VPS. If the holding is registered in the name of a nominee with a bank or brokerage firm, the interest payment will be made in accordance with each nominee's routines and practices.

For complete terms and conditions for PA Resources convertible bond, see the prospectus "Offering to subscribe for the 2008 issue of convertible bonds" page 72, which is available on PA Resources website www.paresources.se.

Stockholm, 2010-12-22
PA Resources AB (publ)

For further information, please contact:
Nicolas Adlercreutz
CFO
PA Resources AB
Mobile: +46 (0)70 587 44 88
E-mail: nicolas.adlercreutz@paresources.se

PA Resources AB (publ) is an international oil and gas group with the business strategy to acquire, develop, exploit and divest oil and gas reserves, as well as explore new findings. The Group operates in Tunisia, United Kingdom, Denmark, Greenland, Netherlands, Equatorial Guinea and the Republic of Congo (Brazzaville). PA Resources is one of the largest oil producers in Tunisia and is also producing oil in the Republic of Congo. The parent company is located in Stockholm, Sweden.

PA Resources' net sales amounted to SEK 2,113 million during 2009. The company is listed on the NASDAQ OMX Nordic Exchange in Stockholm, Sweden (segment Mid Cap) and on the Oslo Stock Exchange in Norway (segment OB Match).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 08.15 CET on 22 December, 2010.