Notice of the Extraordinary General Meeting of PA Resources AB on 24 May 2010

Notice is hereby given of an Extraordinary General Meeting of PA Resources AB
(publ), 556488-2180, to be held at 13.00 (CET) on Monday, 24 May 2010 at
Citykonferensen, room Celsiussalen, at the address Malmskillnadsgatan 46 in
Stockholm. Registration for the Extraordinary General Meeting will commence at
12.30 (CET).

Right to participate in the Meeting
Shareholders wishing to participate in the Extraordinary General Meeting must:

  * be entered in their own name in the register of shareholders kept by
    Euroclear Sweden AB (previously VPC) on Tuesday, 18 May 2010 (see also the
    section on nominee-registered shares below), and
  * have notified the company of their attendance not later than 16.00 (CET) on
    Tuesday, 18 May 2010 at the following address: PA Resources AB, Kungsgatan
    44 (3 tr.), 111 35 Stockholm, Sweden or by telephone: +46 8 21 83 82, fax:
    +46 8 20 98 99 or by e-mail to: bolagsstamma@paresources.se
    <mailto:bolagsstamma@paresources.se>. When notifying the company, please
    state your name, personal identity or registration number, telephone number,
    address, shareholding and details about any representatives or assistants.

Shareholders should also bring to the General Meeting the entry cards that will
be sent out around four days before the Meeting to those shareholders who have
notified the company of their attendance at the Extraordinary General Meeting.
This entry card is to be brought along and presented at the entrance to the
premises of the General Meeting. If such entry card has not been received by the
shareholder prior to the Meeting, a new entry card can be obtained if an ID card
can be presented.

Nominee-registered shares and shares registered with Norwegian
Verdipapirsentralen
Shareholders whose shares are nominee-registered must also request a temporary
entry in the register of shareholders kept by Euroclear Sweden AB in order to be
entitled to participate in the Meeting. Shareholders must notify the nominee
about this well before Tuesday, 18 May 2010, when this entry must have been
effected, in order to be taken into account in the transcript of the register of
shareholders made by Euroclear Sweden AB on that date.

Shareholders who are registered with the Norwegian Verdipapirsentralen (VPS)
must request a temporary entry as shareholders in the register of shareholders
kept by Euroclear Sweden AB in order to be entitled to participate in the
General Meeting. Shareholders who intend to participate in the Meeting must
notify DnB NOR Bank ASA about this at the following address: Verdipapirservice,
Stranden 21, NO-0021 Oslo, Norway or by fax: +47 22 94 90 20 not later than
12.00 (CET) on 12 May 2010 so that DnB NOR Bank can ensure that an entry is made
in the register of shareholders kept by Euroclear Sweden AB by 18 May 2010.
Following the General Meeting, DnB NOR Bank will automatically arrange for the
shares to be re-registered with the Norwegian Verdipapirsentralen.

Representatives, power of attorney, etc.
The rights of shareholders during the Meeting may be exercised by an authorised
representative. Such power of attorney must be dated and signed and may not be
older than twelve months. To facilitate registration for the Meeting, the
original power of attorney should be submitted to the company no later than on
Tuesday, 18 May 2010 to the address provided above. Examples of standard forms
for powers of attorney are available from the company and from the company's
website,www.paresources.se <http://www.paresources.se>. Representatives for
legal entities must also bring with them and present an original or a certified
copy of the certificate of incorporation, together with the power of attorney
(when applicable), or the corresponding authorisation documents.

Proposed agenda
1. Opening of the Meeting
2. Election of the Chairman of the Meeting
3. Establishment and approval of the list of voters
4. Approval of the Board's proposed agenda
5. Election of persons to countersign the minutes
6. Determining whether the Meeting has been duly convened
7. Board's proposal to approve the Board's resolution on a new share issue
8. Other items
9. Closing of the Meeting

Proposal of the Board of Directors (item 7 on the agenda)
The Board proposes that the Extraordinary General Meeting resolve to approve the
Board's decision of 6 May 2010 about increasing the company's share capital by
issuing new shares with preferential rights for the company's shareholders,
mainly on the following terms:

  * The Board shall be authorised to, no later than five weekdays before the
    record day for entitlement to participate in the preferential rights issue,
    resolve by which amount the company's share capital should be increased, the
    number of shares to be issued in addition to the issue price to be paid for
    each new share.
  * Company shareholders registered in the company's register of shareholders
    kept by Euroclear Sweden AB on 28 May 2010 (record day) are entitled to
    subscribe for new shares in relation to the number of shares that they own.
  * Subscribing for new shares through the exercise of subscription rights shall
    take place against simultaneous payment in cash or when, in the assessment
    of the Board, this cannot be effected for practical or administrative
    reasons, by means of a separate subscription list, during the period as of
    2 June up to and including 16 June 2010. The Board shall be entitled to
    extend the subscription period and the period of time during which payment
    is to be made.

The main aim of the rights issue is to ensure financing of the continued
performance of the company's present assets and reserves in accordance with the
strategy laid down by the Board of Directors of the company. The rights issue is
estimated to bring in proceeds of approximately SEK 1.8 billion before issue
expenses. For more information about the strategy and the right issue, please
see PA Resources' press release of 7 May 2010 and the company's website,
www.paresources.se <http://www.paresources.se>.

Documents, etc.
The complete decision of the Board in accordance with item 7 and documents in
accordance with Chapter 13, Section 6 of the Companies Act will, no later than
as of 10 May 2010, be kept available from the company (see address above) and
from its website,www.paresources.se <http://www.paresources.se>. Copies of the
above-mentioned documents will be sent to shareholders requesting them and
stating their postal address.

The number of outstanding shares and votes in the company at the time of this
Notice amounts to 167,753,982.

Stockholm, 7 May 2010
PA Resources AB (publ)
Board of Directors


PA Resources AB (publ) is an international oil and gas group with the business
strategy to acquire, develop, exploit and divest oil and gas reserves, as well
as explore new findings. The Group operates in Tunisia, United Kingdom, Denmark,
Greenland, Netherlands, Equatorial Guinea and the Republic of Congo
(Brazzaville). PA Resources is one of the largest oil producers in Tunisia and
is also producing oil in the Republic of Congo. The parent company is located in
Stockholm, Sweden.
PA Resources' net sales amounted to SEK 2,113 million during 2009. The company
is listed on the NASDAQ OMX Nordic Exchange in Stockholm, Sweden (segment Mid
Cap) and on the Oslo Stock Exchange in Norway (segment OB Match). For additional
information, please visitwww.paresources.se <http://www.paresources.se>.



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