The board of PA Resources approves the balance sheet for liquidation purposes and will convene an extra general meeting

In a press release dated 20 January 2015 PA Resources informed that a balance
sheet for liquidation purposes would be prepared. The board of PA Resources has
now approved the balance sheet for liquidation purposes. Net equity amounts to
SEK 50 million which is below 50 per cent of the registered share capital. The
board is therefore legally required to convene an extra general meeting of
shareholders which shall resolve whether or not the company shall continue
operations or go into liquidation. The board will issue notice to such general
meeting of shareholders as soon as possible.

Stockholm 26 January, 2015
PA Resources AB (publ)

For additional information, please contact:
Tomas Hedström, Chief Financial Officer
Phone: +46 8 545 211 50
E-mail: ir@paresources.se

PA Resources AB (publ) is an international oil and gas group which conducts
exploration, development and production of oil and gas assets. The Group
operates in Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, United
Kingdom, Denmark, Netherlands and Germany. PA Resources is producing oil in West
Africa and North Africa. The parent company is located in Stockholm, Sweden. PA
Resources’ net sales amounted to SEK 1,049 million in 2013. The share is listed
on the NASDAQ OMX in Stockholm, Sweden. For additional information, please visit
www.paresources.se.

The above information has been made public in accordance with the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
published at 08:30 am CET on 26 January 2015.