Aladdin Oil & Gas Company ASA (“Aladdin” or the “Company”)

The Board of Directors of Aladdin is pleased to announce the appointment of a Managing Director for the Aladdin group companies – Mr. Nikolay Piskun. Mr. Nikolay Piskun will be responsible for day-to-day management of all the Aladdin group companies business and assets in Russia.

On the news of his appointment Nikolay Piskun said “I am looking forward to the challenges ahead. The Company’s assets look very promising and I am excited about the Company’s prospects in Russia.”
CV is attached on Company’s website

The Board of Directors of Aladdin is pleased to announce the appointment of a General Director of the Aladdin’s companies in Orenburg, Russia – Mr. Roman Krotov.
CV is attached on Company’s website

The Board of Directors of Aladdin is pleased to announce the appointment of a General Director of the Aladdin’s companies in Ukhta, Russia – Mr. Nikolai Zateev.
CV is attached on Company’s website

New CEO in the Company
The Board of Directors of Aladdin is pleased to announce the appointment of Mr. Alexey Kruzhkov as CEO of Aladdin Oil & Gas Company ASA as of 22 of October 2010.
On the news of his appointment Alexey Kruzhkov said “We are looking forward to challenges on Aladdin’s way to success. We must restore shareholders’ confidence in Aladdin and increase shareholders’ value.”
CV is attached on Company’s website

Statement by Chairman
We are delighted to welcome the new key managers of the Company. They bring outstanding oil and gas experience as well as local knowledge of Russia and specifically Orenburg and Ukhta regions where the assets of the Company are located. I am confident that the Company will benefit greatly from these appointments.
Earlier this year the Company employed Torjer Halle as CEO, with planned commencement in the autumn of 2010. After the employment of Halle the Company elected a new Board of Directors. Due to changes in the Board’s future strategy for the Company, Halle and the Company have agreed that Halle shall not take up the position as CEO.

Aladdin Oil & Gas Company ASA is a Norwegian based exploration and production company, head quartered in Oslo, with its shares traded on the OTC list under the ticker code AOGC. The company owns the Russian oil company OOO Geotechnologia which holds two licenses in the Timan-Pechora province in Northwest Russia, as well as 6 licenses through our companies ZAO Orneftegaz and OOO Veselovskoye in the Orenburg area.