STATUS PETROMENA ASA

Oslo Byfogdembete has informed that NTM Refectio III AS has filed a new bankruptcy petition. The Board of Directors is considering the situation here under the possibilities for reaching an agreement with the creditors. For further information, please contact : Leif Holst, CEO, e-mail : leif.holst@neumannholding.no. Bergen/Oslo, 15 December 2008.