Lakeshore International Buyout Fund Limited sold its stake in AOGC to Waterford Finance & Investment Limited.

Waterford Finance & Investment Limited is now 59.07% shareholder of AOGC.

Mr. Pavel Semenuyta has resigned from the board of directors of AOGC.

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.