SUMMONS TO A BONDHOLDER MEETING

Please find attach the summons to a bondholder meeting in the bond loan “12.00 % Petrolia SE Senior Unsecured Bond Issue 2013/2015 with call options” ISIN: NO 0010683592 (ticker “PDR05 PRO” on Nordic ABM).

The meeting will be held 24 January 2014. The bond holders will receive the summons with attachments from the Trustee/VPS.

The Remaining Loan is NOK 288 500 002, of which the Borrower owns NOK 137 103 983.

Petrolia SE was pleased to see that so many bondholders found the bond to be an attractive investment and accepted the voluntary offer of 12 June 2013. Now, Petrolia SE proposes to extend the maturity with 2 years from June 2015 to June 2017.

For sake of good order, no proposal is made regarding our other bond loan, “12% Petrolia Drilling 08/12 CALL” ISIN NO NO0010440258 (ticker “PDR04 PRO” on Nordic ABM), with final instalment due 19 June 2015.

Limassol/Bergen 16 January 2014

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. In addition, Petrolia SE owns Independent Oil Tools Group, a leading rental equipment company for the global oil industry. The company employs a staff of around 350 highly competent employees worldwide.