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MANDATORY NOTIFICATION OF TRADE

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Bernh. Larsen Holding AS, a company related to Astrid Svenheim, Board Member of Petrojack ASA has on Tuesday 02 March 2010 sold 200.000 shares in Petrojack ASA at an average price of NOK 0,541 per share. Following this transaction, shareholdings in Petrojack ASA owned by Bernh. Larsen Holding AS totals zero shares. Bergen, 02 March 2010.