(Oslo, 10th August 2009) Aladdin Oil & Gas Company ASA (AOGC) held its planned meeting last Friday with Norsk Tillitsmann and the Bondholders of the NOK 50 million senior secured bond, with original due date on 10th December 2009.

The outcome of this meeting, with vast majority, was to extend the maturity date by one year to 10th. December 2010.

The summons of this meeting will be announced on the website of Norsk Tillitsmann: www.stamdata.no

For more information, please contact:
Managing Director Pål Nedrelid (+47 906 08 168)

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.