Gunvor Group has informed PA Resources of its intention not to participate in new financing solution

PA Resources AB (“PA Resources”, the “Company”) has for the past months
negotiated with its bondholders and its largest shareholder and creditor Gunvor
Group with the aim of reaching a long term financing agreement.

Gunvor Group has today informed the company that it will not participate with
new funding, in the form of equity or new loans, in the ongoing refinancing
process. In addition Gunvor Group has also requested repayment of the amounts
outstanding under the RBL facility (84 MUSD and accrued interest).

The company’s management and board of directors is currently assessing the
situation and will revert with new information soon as possible.

Stockholm 7 April, 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 603 million in 2014. 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 17:45 CET 7 April 2015.