(Oslo, 30th July 2009) Aladdin Oil & Gas Company ASA (AOGC) has requested Norsk Tillitsmann to call a Bondholders’ meeting in connection with the NOK 50 million senior secured bond issue due on 10th December 2009.

The background for the meeting is that the Company is in discussions with its bondholders regarding an extension of the final maturity date of one year.

The summons and the background to the proposal are available 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.