PA Resources AB: The Nomination Committee of PA Resources announces a new nomination for Chairman and nominates a new member of the Board of directors

Regulatory News:

The Nomination Committee of PA Resources (STO:PAR) (OSE:PAR) suggests that Jérôme Schurink is elected new Chairman of the Board of directors at the Annual General Meeting on April 16, 2014. Jérôme Schurink is the Chief Investment & Operating officer of PA Resources main owner Gunvor. The previously proposed chairman Sven A. Olsson has notified the committee that he will not stand for re-election.

Sven A. Olsson, proposed for re-election in the Notice of PA Resources’ Annual General Meeting, has represented the company’s main owner Gunvor. Since the Notice he has left his assignments in Gunvor and are therefore not available for re-election to the Board of PA Resources.

The Nomination Committee also propose the Board of Directors should have six members and PA Resources CEO Mark McAllister should be elected as a new member.

PA Resources Nomination Committee announced in March that it moreover proposes re-election of Board members Paul Waern, Philippe R Ziegler, Nils Björkman and Philippe R Probst.

Stockholm, 7 April, 2014

PA Resources AB (publ)

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 1,312 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 08:15 a.m. CET on 7 April 2014.

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