PA Resources AB: Nomination Committee of PA Resources

Regulatory News:

Due to the proposed recapitalization as announced in the Company’s press release dated 7 November 2012, the Nomination Committee of PA Resources AB (publ) ahead of the 2013 annual general meeting (AGM) will be appointed after completion of these transactions. The proposed two-step transaction is likely to result in major ownership changes which should to be taken into account when the Company’s largest shareholders appoint their representatives to the Nomination Committee.

Until a new Nomination Committee has been appointed, the Nomination Committee of PA Resources will consist of the representatives appointed for the AGM 2012, as listed below:

· Hans Kristian Rød, Chairman of the Board appointed by the 2012 AGM

· Jesper Bonnivier, appointed by Länsförsäkringar Fondförvaltning AB

· Bengt Stillström, appointed by AB Traction

· Carina Lundberg Markow, appointed by Folksam

Stockholm, 14 November, 2012 PA Resources AB (publ)

PA Resources AB is an international oil and gas group which conducts exploration, development and production of oil and gas assets. The Group operates in Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, United Kingdom, Denmark, Greenland, Netherlands and Germany. PA Resources is producing oil in West Africa and North Africa. The parent company is located in Stockholm, Sweden. PA Resources’ net sales amounted to SEK 2,154 million during 2011. The company is listed on the NASDAQ OMX in Stockholm, Sweden (segment Mid Cap). For additional information, please visit www.paresources.se.

The above information has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 18.00 CET on 14 November, 2012.

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