DISCLOSURE OF MAJOR SHAREHOLDING AND MANDATORY NOTIFICATION OF TRADE
Larsen Oil & Gas AS, a company controlled by closely related party of the Chairman of Petrolia ASA, Berge Gerdt Larsen, has on the 07th of June bought 37.000.000 shares in Petrolia ASA at a price of NOK 0,60 per share from a company not controlled by the Chairman of Petrolia ASA.
Following this transaction Larsen Oil & Gas AS and closely related parties controls 63.914.220 shares in Petrolia ASA, which equals 21,16% of issued shares in the company.
Bergen/Oslo, 07 June 2012
This information is subject of the disclosure requirements acc. to § 5-12 vphl (Norwegian Securities Trading Act)