Derivatives: Anticipated adjustment in Lundin Petroleum due to share distribution (27/10)

The following information is based on a press release from Lundin Petroleum AB
(Lundin Petroleum) dated March 22, 2010 and may be subject to change. 

The Extra General Meeting (EGM) of Lundin Petroleum, held on March 22, 2010,
has approved the proposed spin-off of its business in United Kingdom into the
newly formed company EnQuest PLC (EnQuest), in exchange for 55 % of the shares
in EnQuest. The shares of EnQuest received by Lundin Petroleum will be
distributed to Lundin Petroleum shareholders whereby every one (1) share of
Lundin Petroleum entitles their holder to receive 1.3474 shares of EnQuest. The
expected ex-date is April 6, 2010. Please see press release from Lundin
Petroleum dated March 22, 2010 for further details. 

NASDAQ OMX Derivatives Markets will carry out a re-calculation of options,
forwards and futures in Lundin Petroleum according to the below. 

•	If NASDAQ OMX considers the distribution of shares in EnQuest to constitute
at least 30 % of Lundin Petroleum's market cap and that EnQuest in the near
future will be traded on NASDAQ OMX or other market place approved by NASDAQ
OMX, re-calculation shall be carried out according to the Conversion Method.
The Contract shall then be divided into two contracts, one contract with the
old contract base and one contract with new contract base (Rules and
Regulations of NASDAQ OMX Derivatives Markets 4.5.3.5.1) 

•	If the Conversion Method is not applicable the Ratio Method shall be applied
in accordance with the Rules and Regulations of NASDAQ OMX Derivatives Markets
4.5.3.5.2. 

For further information, please see the attached file.