PETROMENA ASA

Reference is made to a previous announcement regarding the filing of preliminary injunctions both in Singapore
and Norway against enforcement actions initiated by Norsk Tillitsmann on behalf of the bondholders.

Singapore court has decided that the case shall be fully argued after 20 May 2009 .
Pending further hearing Rig I is not to be taken out of Singapore without prior notice to the court.

Oslo court (Oslo Byfogdembete) has today dismissed PetroMENA's filing for preliminary injunction.

Based on the court decisions the company will continue its efforts to secure the companies values for the
creditors and its shareholders, hereunder its claim for damages against the bondholders.


Bergen/Oslo, 24 April 2009
PETROMENA ASA