MINUTES FROM BONDHOLDERS’ MEETING

A Bondholder Meeting was today held pursuant to summons of 16th January 2014.

The purpose of the meeting was to extend the maturity date of bond loan “12.00% Petrolia SE Senior Unsecured Bond Issue 2013/2015 with call options” ISIN: NO 0010683592 by two years from June 2015 to June 2017.

The proposed resolution obtained 100% of the votes, and the proposal was adopted. The Bond Agreement will therefore be amended accordingly.

Limassol/Bergen, 24 January 2014

Petrolia SE

For further information,
please contact Sølve Nilsen, Finance manager: solve.nilsen@petrolia.no