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MANDATORY NOTIFICATION OF TRADE

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Mr. Atle Pedersen, Managing Director of PetroMENA Limited, Cyprus, a 100% owned subsidiary of PetroMENA ASA, has on 03 December 2008 bought 8.000 shares in PetroMENA ASA at a price of NOK 2,68 per share.

Following this transaction Mr. Atle Pedersen holds 31.000 shares in PetroMENA ASA.


PetroMENA ASA, 04 December 2008.