PETROMENA ASA - MANDATORY NOTIFICATION OF TRADE

Wed, Jan 21, 2009 15:51 CET

Scandinavian Consulting Group AS, a 100% owned company of Mr. Terje O. Hellebø, Board Member of Petrolia Drilling ASA, has on 21 January 2009 bought 10.000 shares in PetroMENA ASA at a price of NOK 1,15 per share.

Following this transaction Mr. Terje O. Hellebø holds 105.000 shares in PetroMENA ASA.

Petrolia Drilling ASA owns 51,5% of the shares outstanding in PetroMENA ASA.

Petrolia Drilling ASA, 21 January 2009.