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DISCLOSURE OF MAJOR SHAREHOLDING

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Ø.H. Holding AS has on the 09th of April 2010 bought 8,000,000 shares in Petrolia Drilling ASA. Following the transaction Ø.H. Holding AS and related parties controls 102,000,000 shares in Petrolia Drilling ASA, which equals 10.07% of issued shares in the company. Bergen/Oslo, 09 April 2010