LUNDIN PETROLEUM: LUNDIN PETROLEUM CAPITAL MARKET DAY Lundin Petroleum holds its Capital Market Day in Stockholm today, Tuesday the 1 February 2011 for analysts and institutional shareholders. The presentations are available on the Lundin Petroleum's web site at www.lundin-petroleum.com. Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world-class assets in Europe, South East Asia, Russia and Africa. The Company is listed at the NASDAQ OMX, Stockholm (ticker "LUPE"). Lundin Petroleum has proven and probable reserves of 187 million barrels of oil equivalent (MMboe). For further information, please contact: C. Ashley Heppenstall, President and CEO Tel: +41 22 595 10 00 or Maria Hamilton Head of Corporate Communications Tel: +46 8 440 54 50 Visit our website: www.lundin-petroleum.com