The two partially owned subsidiaries of Misen Energy AB (publ) received the Request for Arbitration from PJSC Ukrgasvydobuvannya

Misen Enterprises AB and LLC Karpatygaz, the two partially owned subsidiaries of
Misen Energy AB (publ), received the Request for Arbitration from the Public
Joint Stock Company Ukrgasvydobuvannya (“PJSC Ukrgasvydobuvannya”) on 18 July
2016. PJSC Ukrgasvydobuvannya submitted the Request for Arbitration to the
Arbitration Institute of the Stockholm Chamber of Commerce and requests
termination of Joint Activities Agreement No. 3 dated 10 June 2002 (as further
amended) between PJSC Ukrgasvydobuvannya, LLC Karpatygaz and Misen Enterprises
AB.

The two partially owned subsidiaries of Misen Energy AB (publ) have previously
notified PJSC Ukrgasvydobuvannya that a dispute had arisen between them,
therefore, the claims of PJSC Ukrgasvydobuvannya and the subsequent Request for
Arbitration were anticipated. Karpatygaz LLC and Misen Enterprises AB will
participate in the arbitration proceeding and will vigorously defend the
legitimate interests of their investors. In accordance to the SCC statistics for
2015 (http://www.sccinstitute.com/statistics/), the majority of the SCC cases
were completed within 6-12 months from the date of registration of a case with
the SCC.

This arbitration proceeding has no immediate impact on Misen Enterprises’ AB and
LLC Karpatygaz’s business in Ukraine. Misen Energy AB (publ) will constantly
update the market on the further developments of the arbitration proceeding.
For further information, please contact:

Göran Wolff, MD

Direct line: +46 31 759 50 72
Mobile:      +46 709 45 48 48
E-mail:
  goran@misenenergy.se (%67%6f%72%61%6e@%6d%69%73%65%6e%65%6e%65%72%67%79.%73%65
) 


 info@misenenergy.se (%69%6e%66%6f@%6d%69%73%65%6e%65%6e%65%72%67%79.%73%65)

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 First North.
In 2011, Misen Energy AB (publ) acquired Misen Enterprises AB and its Ukrainian
subsidiary, LLC Karpatygaz, including the rights to 50.01% of the revenue and
profit from a gas production project in Ukraine. Under IFRS rules, this
transaction is classified as a reverse takeover. In consideration of the
acquisition, a new share issue was carried out. The gas producing assets have
been acquired by production cooperation via a joint activity project governed by
a Joint Activity Agreement between the wholly-owned direct and indirect
subsidiaries of Misen Energy AB (publ), i.e. Misen Enterprises AB and LLC
Karpatygaz (together 50.01%) and PJSC Ukrgasvydobuvannya (49.99%), the largest
producer of natural gas in Ukraine and subsidiary of the National Joint Stock
Company Naftogaz of Ukraine. The value of the assets is estimated to be
substantially higher than the purchase price for Misen Enterprises AB.
The purpose of the 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 First North under identification ticker MISE.
The Certified Adviser of the company at Nasdaq First North is Consensus Asset
Management AB (formerly Thenberg & Kinde Fondkommission AB).
For further information, please visit our website www.misenenergy.se.

This information is information that Misen Energy AB (publ) is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was submitted
for publication, through the agency of the contact person set out above, at
09:40 CET on 21 July 2016.