Misen Energy AB (publ) considers a press release published by PJSC Ukrgasvydobuvannya on 5 September 2016 to be erroneous

On 5 September 2016 Public Joint Stock Company Ukrgasvydobuvannya (“PJSC
Ukrgasvydobuvannya”) published a press release accusing LLC Karpatygaz, a
partially owned subsidiary of Misen Energy AB (publ), of non fulfillment of the
Joint Activity’s investment program. Misen Energy AB (publ) considers such press
release to be ungrounded and denies the statements provided therein in their
entirely. The published statements are subject to a disagreement between Misen
Enterprises AB and LLC Karpatygaz, on one hand, and PJSC Ukrgasvydobuvannya, on
the other hand. Therefore, Misen Energy AB (publ) refrains from commenting the
statements in more detail and will elaborate on them in course of the
arbitration prioceeding in Stockholm.

This is not the first time when PJSC Ukrgasvydobuvannya issued a press release
regarding Misen Enterprises’ AB and LLC Karpatygaz’s alleged breaches of the
Joint Activity Agreement. The two partially owned subsidiaries of Misen Energy
AB (publ) have already notified PJSC Ukrgasvydobuvannya that publication of such
press releases has been made in violation of the confidentiality and non
-disclosure obligations set forth in the Joint Activity Agreement.

Misen Energy AB (publ) will update the market on the further developments of the
arbitration proceeding
For further information, please contact:

Göran Wolff, MD

Direct line:  +46 31 759 50 72
Mobile:       +46 709 45 48 48
E-mail:        goran@misenenergy.se (%67%6f%72%61%6e@%6d%69%73%65%6e%65%6e%65%72
% 
67%79.%73%65)

  info@misenenergy.se (%69%6e%66%6f@%6d%69%73%65%6e%65%6e%65%72%67%79.%73%65)
Misen Energy AB (publ) (formerly Svenska Capital Oil AB (publ)) is a Swedish
upstream oil and gas company with operations in Ukraine. The company was founded
in 2004 and its shares are traded on Nasdaq First North since 12 June 2007.
In 2011, Misen Energy AB (publ) acquired Misen Enterprises AB and its Ukrainian
subsidiary, LLC Karpatygaz, including the rights to 50.01% of the revenue and
profit from a gas production project in Ukraine. Under IFRS rules, this
transaction is classified as a reverse takeover. In consideration of the
acquisition, a new share issue was carried out. The gas producing assets were
acquired by production cooperation via a joint activity project governed by a
Joint Activity Agreement between at that time the wholly-owned direct and
indirect subsidiaries of Misen Energy AB (publ), i.e. Misen Enterprises AB and
LLC Karpatygaz (together 50.01%) and PJSC Ukrgasvydobuvannya (49.99%), a
subsidiary of the National Joint Stock Company Naftogaz of Ukraine. PJSC
Ukrgasvydobuvannya is the largest producer of natural gas in Ukraine.  The
purpose of the Joint Activity Agreement is to significantly increase production
of gas and oil by providing modern technologies via a large-scale investment
program for the purposes of attainment of profits.
In June 2016 Misen Energy AB (publ) sold 37.5 % of Misen Enterprises AB shares
to the Hong Kong based company Powerful United Limited. Owning (the remaining)
62.5% of Misen Enterprises AB shares, Misen Energy AB (publ) maintains full
control of the company and preserves a right to obtain 62.5% of the future
dividends from the operations in Ukraine.
The registered office of Misen Energy AB (publ) is in Stockholm and the shares
are traded on First North under identification ticker MISE. The Certified
Adviser of the company at Nasdaq First North is Consensus Asset Management AB.
For further information, please visit our website www.misenenergy.se.

This information is information that Misen Energy AB (publ) is obliged to make
public pursuant to the EU Market Abuse Regulation and the Securities Markets
Act. The information was submitted for publication, through the agency of the
contact person set out above, at 12:40 CET on 12 September 2016.