Notice to Bondholders 2008

Corral Petroleum Holdings AB (publ) and Preem Petroleum AB (publ) announced today they have closed and funded the syndication of new SEK 7,200,000,000 and USD 2,283,100,000 term loan and revolving credit facilities (the "Facilities").

The Facilities were led by the Co-ordinating mandated lead Arrangers and Joint Bookrunners, Handelsbanken Capital Markets, Svenska Handelsbanken AB (publ) and Merchant Banking, Skandinaviska Enskilda Banken AB (publ) (the “Bookrunners”) together with Danske Bank, Nordea, Swedbank, DnB NOR Bank ASA (together with the Bookrunners, the “ Mandated Lead Arrangers”), together with Commerzbank Aktiengesellschaft and HSH Nordbank AG, Copenhagen Branch, as lead managers.

Merchant Banking, Skandinaviska Enskilda Banken AB (publ) is the Facility and Security Agent and Svenska Handelsbanken AB (publ) is the L/C Fronting bank.

The Facilities are structured in 5 tranches: a USD1,850,000,000 secured revolving credit Tranche A facility a Tranche B 1, SEK 5,200,000,000 term loan, a Tranche B 2 USD 358,100,000 term loan, a Tranche B 3 USD75,000,000 term loan facility (all B Tranches are amortising) and a Tranche C SEK 2,000,000,000 revolving credit facility. All tranches carry a tenor of 3 years. The Facilities refinance existing committed and uncommitted facilities and provide for additional working capital requirements.

An international conference call for investors and analysts will be held at 4:00 pm on October 8, 2008 Central European Time to answer any questions Noteholders may have in relation to the Facilities.

The call-in number is as follows: +44 (0) 207 162 01 25.

Preem Group
Magnus Heimburg, CFO +46 8 450 1044
Börje Wigfeldt  +46 8 450 1209

September 29, 2008