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PA Resources’ Interim Report for January - March 2012

SUMMARY · Group revenue amounted to SEK 650 million (583) for the first quarter. · EBITDA for the quarter was SEK 395 million (359). · Profit before tax for the first quarter was SEK 68 million (143).  · Operating cash flow for the first quarter totalled SEK 175 million (142). · After the end of the quarter, a lifting of approximately 520,000 barrels of oil was completed at the Azurite field. · Cash flow for the first quarter together with cash flow from the Azurite lifting have reduced net debt by approximately SEK 580 million to date in 2012. · At the beginning of

PA Resources’ Annual Report for 2011 published

PA Resources’ Annual Report for 2011 has been published today and is available at www.paresources.se.The printed version of the Annual Report will be distributed as from week 16 to those who have notified their interest to ir@paresources.se or at telephone +46 (0) 8 545 211 50. For complete Annual report, see attached pdf-file. Stockholm, 30 March, 2012PA Resources AB (publ) For additional information, please contact: Carolina Haglund StrömlidIR Officer, PA Resources ABTel: +46 (0)8 545 211 50Mobile: +46 (0)708 80 71 73E-mail: ir@paresources.se PA Resources AB (publ)

PA Resources’ Year-End Report 2011

SUMMARY · Group revenue for the fourth quarter amounted to SEK 535 million (698). · EBITDA for the quarter was SEK 306 million (438). · Profit before tax for the fourth quarter amounted to SEK 11 million (91) excluding one-off costs, and SEK -2,024 million (91) including one-off costs. · As previously disclosed, during the fourth quarter non-cash, one-off costs of SEK 2,035 million before tax and SEK 1,758 million after tax were recognised.   · Production of oil commenced on the Aseng field in Equatorial Guinea in early November and is making a cash flow contribution as from

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