Update on Petrolia Bonds

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Petrolia SE has purchased 30,500,000 bonds in its bond loan ISIN: NO0010683592 “PDR05 PRO”.

Consideration is 55% of par value + accrued interests, total NOK 17,720,165.

Following the transaction the status of the Petrolia bonds is:

Ticker: PDR 04 PRO PDR 05 PRO Total
ISIN: NO 001044025.8 NO 001068359.2
Outstanding bonds 47,374,998 288,550,002 335,925,000
Borrower’s bonds 24,499,998 154,603,983 179,103,981
Net 22,875,000 133,946,019 156,821,019
Matures 19 June 2015 20 June 2017

Limassol/Bergen, 26 March 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.