Regulatory press release

Corral Petroleum Holdings AB: CORRAL PETROLEUM HOLDINGS AB (PUBL) AND PREEM AB (PUBL) ANNOUNCE REFINANCING PLAN AND ISSUE NOTICE OF CONDITIONAL REDEMPTION

The use of proceeds from the New Financing Sources is intended to include the complete pay-off of Preem's current $1,542 million revolving credit facility as well as the optional redemption of the €570 million (11.750% / 13.250%) Senior PIK Toggle Notes and the SEK500 million (12.250% / 13.750%) Senior PIK Toggle Notes previously issued by Corral (collectively the "2021 Notes").

Please note that this press release does not constitute a notice of redemption of the 2021 Notes, nor does it constitute an offer to sell, or a solicitation of an offer to purchase, any securities in any state or jurisdiction whatsoever.

For further information, please contact:
Amelie Wilson
Investor Relations Manager
Tel: + 46 (0)70 450 10 10
Email: amelie.wilson@preem.se