BOND LOAN - VOLUNTARY EXCHANGE OFFER

Please find attached the voluntary exchange offer issued to the bond holders in our bond “Petrolia Drilling ASA 08/12 12.00% Callable Bond Issue 2008/2012” (ISIN: NO 001 0440258).

The offer is proposed in order to improve the working capital of Petrolia SE and at the same time not inflict negative changes on existing Bondholders.

Petrolia SE intends to issue a new bond loan which will be on identical terms as the existing one, save for the only difference which is that the existing bond issue is secured by the DSR Account Pledge (interests for nine – 9 - months) and the new bond issue will be unsecured.

The exchange will be made at par value effective on 20 June 2013, and there will be no effect on interests.

Bergen/Limassol 12 June 2013

Contact:

   Kjetil Forland, General Manager: kjetil.forland@petrolia.no

   Sølve Nilsen, Finance Manager: solve.nilsen@petrolia.no

About Petrolia SE

Petrolia SE has three business segments: E&P, Drilling & Well Technology and OilService and is listed on Oslo Stock Exchange under the ticker code PDR. The core activity includes Petrolia Norway AS, an independent oil & gas company approved as a licensee on the Norwegian Continental Shelf. In addition, Petrolia SE owns Independent Oil Tools Group, a leading rental equipment company for the global oil industry. The company employs a staff of around 350 highly competent employees worldwide.