New face value 08.03.2011

Reference is made to announcement from the company
07.03.2011.

The shares in Petrolia ASA will be traded
with new face value as from 08.03.2011.

New - Face value: NOK 0.04
No change - EMS: 5000
No change - ISIN: NO0003075301
No change - Country of register: NO - Norway
No change - Trading currency: NOK
No change - Segment: OBMA