REDUCTION OF THE SHARE CAPITAL :  UPDATED CERTIFICATE OF REGISTRATION

REDUCTION OF THE SHARE CAPITAL :  UPDATED CERTIFICATE OF REGISTRATION

 

 

Reference is made to the announcement by Petrolia ASA dated 20 December
2010 regarding Minutes of Meeting from the Extraordinary General Meeting
on 17 December 2010.

Petrolia ASA has on 07 March 2011 received an updated certificate of
registration reflecting the reduction of the share capital.

The share capital is reduced from NOK 506,298,375 to NOK 4,050,387. The
par value is reduced from NOK 5.00 to NOK 0.04 per share.

Bergen/Oslo,  07 March 2011

PETROLIA ASA