Alliance Oil Company Ltd plans to present the following information in 2010 and the first half of 2011: Quarterly reports Third quarter and nine months report (January - September 2010), November 23, 2010 Fourth quarter and twelve months report (January - December 2010), February 22, 2011 First quarter report (January - March 2011), May 19, 2011 Operational updates Update for the third quarter 2010, October 7, 2010 Update for the fourth quarter 2010, January 18, 2011 Update for the first quarter 2011, April 7, 2011 Annual General Meeting The annual general meeting of the shareholders will be held in Stockholm on May 19, 2011. For further information: Dmitry Tsaregorodtsev, Head of Investor Relations, tel: +7 495 777 18 08 ext 10-56 Jakob Sintring, Investor Relations Sweden, tel. +46 8 585 707 10 Also visit www.allianceoilco.com Alliance Oil Company Ltd is a leading independent oil company with vertically integrated operations in Russia and Kazakhstan. Alliance Oil has proved and probable oil reserves of 526 million barrels, refining capacity of 70,000 barrels per day and a network of gas stations and wholesale oil products terminals. Alliance Oil's depository receipts are traded on the Nasdaq OMX Nordic under the symbol AOIL.