In the previously sent notice to the extraordinary general meeting December 22, some minor errors were unfortunately overlooked and in good order the errors are hereby notified and corrected. To view a correct and complete updated notice to the Extraordinary general meeting December 22, please visit the company website www.aracaenergy.no .

In the notice to the extra ordinary general meeting, it is announced the meeting will be held at Scandic Fornebu. This is corrected, and the extra ordinary general meeting will be held at the company's offices at Rolfsbuktveien 17, 1364 Fornebu.

In the notice to the extra ordinary general meeting, two proposals for resolutions are marked with no 5. This should be corrected so that the second proposal 5 should have been proposal number 6 and proposal no 6 is proposal number 7.

The reference in sub-paragraph (g) of proposal number 5 shall also be corrected so that it refers to number 3 and 4 and not 5 and 6 whereafter the wording shall be:

g) The resolution is subject to approval by the General Meeting of the proposals set forth in agenda items 3 and 4 in the notice.

In the notice the proposal number 6 (as mentioned numbered with 5 in the notice), includes a proposal for a resolution to obtain USD 400,000 in a private placement. The number of shares required to be issued is due to an error set to low and consequently the proposal should read:

6. Proposal to approve placing of up to 12.000,000 new ordinary shares of Aladdin Oil & Gas Company ASA for cash.

The Company needs to meet cash obligations for its existing operations in Ukhta. The Company has therefor entered into agreements with chosen investors. Pursuant to these agreements, the investors are committed to subscribe for new shares in a share issue of up to 12.000.000 new ordinary shares of the Company at NOK 0.25 per new share to raise up to USD 400,000. The Board of Directors therefore proposes to the Extraordinary General Meeting to adopt the following resolution:

The share capital increase in the amount of up to USD 12,000,000 by the issuance of up to 12,000,000 new shares, each having a nominal value of NOK 0.25, at a subscription price of NOK 0.25, directed towards chosen investors. 

No further corrections in the proposal are required. Please refer to the original notice to the extra ordinary meeting or visit the Company’s website www.aracaenergy.no to view the entire calling with corrections.