TFS follows through with its offer to Petrosibir shareholders

TFS’s offer to the shareholders of Petrosibir has gained a high degree of acceptance. Upon the expiry of the regular application period, owners of over 97 per cent of the shares of Petrosibir had accepted the offer.

The offer by Temporär Förvaltning i Stockholm AB (“TFS”) to the shareholders of Petrosibir has been accepted by Petrosibir shareholders owning 19 266 501 shares (corresponding to over 97 per cent of Petrosibir’s total number of shares) and by the owners of all of the 800 000 stock options. With this, all terms and conditions of the offer are fulfilled. In order to give the remaining Petrosibir shareholder an additional opportunity to consider the offer, the board of TFS has decided to prolong the application period to 16:00 CET on 1 June 2009. The application period originally ran to 20 May 2009. “We are delighted that so many chose to accept the offer. Petrosibir is carrying out a successful exploration program and has measured commercial oil flow rates in the company’s first borehole. The merger with TFS gives us a platform from which to take advantage of all the attractive business opportunities that the oil market now offers,” says Robert Karlsson, CEO of Petrosibir. It is estimated that the new shares in TFS that will be issued to those Petrosibir shareholders who have accepted the offer will be available for trading mid-June 2009. Given the resulting changes in TFS’s operations and owner structure, the board of TFS intends shortly to convene an extra meeting of shareholders. For more information, please contact: Robert Karlsson, CEO, Petrosibir, tel +46 709 565 141 www.petrosibir.com Erik Lindholm, CEO, TFS, tel +46 734 330 327 www.temporarforvaltningistockholm.se