In the Annual General Meeting in Aladdin Oil & Gas Company ASA held on June 7th 2012 it was approved to reduce the share capital from NOK 256 325 344 to NOK 16 020 334 in a two stage process. The nominal value of the shares should be reduced from NOK 4 to NOK 0,25.

The process has been completed and the new share capital of NOK 16 020 334 has been registered in “Brønnøysund”.

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 4 licenses in the Timan-Pechora province in Northwest Russia, as well as 5 licenses through our company OOO Veselovskoye in the Orenburg area.