Preem’s put options rolled into later contracts

Notice
2015-03-11

As described in a Notice dated 2015-02-09, in February Corral Petroleum Holdings (publ) purchased put options equivalent to approximately 6 million barrels of crude oil with expiry on March 11, 2015 and put options equivalent to approximately 5 million barrels with expiry on April 10, 2015.

The options with expiry on March 11 have been sold and replaced by put options corresponding to approximately the same volume with maturity on May 11 and with an average strike price of approximately 53 USD/bbl.

For further information, please contact:
Andreas Hoch, Chief Financial Officer
Office: +46 10 450 1044
Email: andreas.hoch@preem.se