New share issue in Svenska Capital Oil AB is now registered by Swedish Companies Registration Office


New share issue in Svenska Capital Oil AB is now registered by Swedish
Companies Registration Office

Background

The Annual General Shareholders Meeting (AGM) in Svenska Capital Oil AB
decided on June 30 unanimously to approve the proposal by the Board of
Directors to acquire all shares in Misen Enterprises AB including the
Ukrainian subsidiary KarpatyGas. Thereby Svenska Capital Oil AB acquires
the rights to 50,01 % of the revenue and profit from a gas extraction
project inUkrainewhich will contribute to Capital Oil considerable gas-
and oil assets considerably exceeding the total value of the issued
shares. As consideration for this acquisition the AGM approved to issue
maximum 14 285 700 000 new shares at a rate of 0,07 SEK per share
whereby the share capital maximum can be increased by 285 714 000 SEK
and the total value of the new shares is maximum 999 999 000 SEK.

The decision by the AGM about the new share issue is now accomplished
and registered

The new share issue as above was today registered by the Swedish
Companies Registration Office.

The share capital in Svenska Capital Oil is hereby increased by
285 714 000 SEK to 290 136 444,46 SEK and the share premium reserve was
added by 714 285 000 SEK. The equity was in total increased by
999 999 000 SEK. The number of new shares was increased by
14 285 700 000 to totally 14 506 822 223.

For further information please contact: Leif Larsson, CEO Lennart
Claesson, CFO tel 46 31  759 50 71 tel. 46 31 759 50 72 mobile 46 708 
40 82 71  mobile 46 705 70 70 32 E-mail:  leif@capital
oil.se (leif@capital oil.se) E-mail: lennart@capital
oil.se (lennart@capital oil.se)