Exclusive of Subscription Rights

Reference is made to the announcement of 27 June 2011 regarding a Rights
Issue.

The shares are traded exclusive of the subscription rights as of today
28 June 2011.

For further information: please contact Mr. Kjetil Forland, Managing
Director, e-mail: Kjetil.Forland@petrolia.no.

Bergen/Oslo, 28 June 2011

Petrolia ASA