Amendments in the Ukrainian taxation laws will affect

As of August 2014, Ukraine introduced a set of emergency laws addressing the
turbulent situation in the country. Part of these laws concern the need to
increase tax collections to the state budget. In particular, the subsoil use tax
for production of natural gas in the depth of up to 5,000 meters has been raised
from 28% to 55%. Misen is producing primarily from these depths. The subsoil use
tax is payable at the time of production and delivery of gas into the gas
transport system This puts additional financing constrains on the production
companies in Ukraine. The tax increase is defined as temporary and valid till
the end of 2014. Misen’s end-year result will be negatively affected by these
changes as the production of five months of 2014 (August through December) will
be subject to the tax increase. This will also have a negative effect on the
implementation of the Joint Activity investment program.
For further information please contact:

Göran Wolff, MD

Telephone:   +46 31 759 50 72
                   +46 709 45 48 48
E-mail:         goran@misenenergy.se
                   info@misenenergy.se
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 since 12 June 2007 traded on NASDAQ OMX First North.
In 2011, Misen Energy AB (publ) acquired all shares in Misen Enterprises AB and
its wholly-owned Ukrainian subsidiary, LLC Karpatygaz, including the rights to
50.01% of the revenue and profit from a gas production project in Ukraine. The
rights and cooperation relating to the gas production is governed by a Joint
Activity Agreement among Misen Enterprises AB and LLC Karpatygaz (together
50.01%) and PJSC Ukrgasvydobuvannya (49.99%), the largest private producer of
natural gas in Ukraine and subsidiary of the National Joint Stock Company
Naftogaz of Ukraine.
The purpose of the joint activity project is to significantly increase
production of gas and oil by providing modern technologies via a large-scale
investment program.
The registered office of Misen Energy AB (publ) is in Stockholm and the shares
are traded on NASDAQ OMX First North under identification ticker MISE.
The Certified Adviser of the company at NASDAQ OMX First North is Thenberg &
Kinde Fondkommission AB.
For further information please visit our
website www.misenenergy.se (http://media.ne.cision.com/l/iovwoqqn/www.misenenerg
y 
.se/).
Amendments in the Ukrainian taxation laws will affect Misen’s year-end result
