PUT OPTION ON PDR04 PRO

Petrolia SE herewith offers a put option on its Bond Loan ISIN: NO 001044025.8 ("PDR04 PRO") at par plus accrued interests.

The Bond matures 19 June 2015 and has a total outstanding balance of NOK 55 999 998.

Petrolia owns NOK 24 499 998 of the Bond.

The Bond has a fixed interest of 12% payable in June and December.

The put option expires at 16:00 Monday 16th of February 2015.

Please find attached a form which may be used to notify your account manager if you want to use this put option.

Limassol/Bergen, 9 February 2015

Contact:

Sølve Nilsen

Finance manager

Phone: +47 951 79 269

E-mail: solve.nilsen@petrolia.no

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act.

About Petrolia SE

Petrolia SE has three business segments: E&P, Drilling & Well Technology and OilService and is listed on Oslo Stock Exchange under the ticker code PDR. The core activity includes Petrolia Norway AS, an independent oil & gas company approved as a licensee on the Norwegian Continental Shelf, and a group of leading rental equipment companies for the global oil industry. Petrolia SE employs a staff of around 330 highly competent employees worldwide.