DISCLOSURE OF MAJOR SHAREHOLDING

Ø.H. Holding AS has on the 25th of March bought 55,000,000 shares in Petrolia Drilling ASA. Following the transaction Ø.H. Holding AS and related parties controls 94,000,000 shares in Petrolia Drilling ASA, which equals 9.28 % of issued shares in the company. Bergen/Oslo, 26 March 2010