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2016-09-09

Lundin Petroleum sponsored ADR programme established

um sponsored ADR programme established

Stockholm, 2016-09-09 15:46 CEST (GLOBE NEWSWIRE) --

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that a Sponsored
Level 1 American Depositary Receipt (ADR) programme has been established in the
United States.

ADRs are depositary receipts traded in the United States market representing
ownership of underlying ordinary shares in Lundin Petroleum. Each ADR represent
one ordinary Lundin Petroleum share.

Lundin Petroleum's sponsored level 1 ADR programme has been established to
further develop the investor base by enhancing investor services in the United
States and broadening the choices of available investment instruments in the
United States capital market.

Level 1 ADRs trade in the United States in the over-the-counter (OTC) market
and will not be listed on any United States stock exchange. The ADRs are not
for the purpose of raising capital in the United States and no new shares will
be issued as a result of this programme with the total number of ordinary
shares in issue remaining unchanged at 340,386,445.

Deutsche Bank is acting as the depositary bank for this ADR program.

Ticker Symbol: LUPEY
Structure: Level 1 ADR
Exchange: Over-the-counter (OTC)
Ratio (ADR:Ordinary Lundin Petroleum share): 1:1
ADR CUSIP: 55037R 200
ADR ISIN: US55037R2004

Depositary Receipt contact:

Deutsche Bank Trust Company Americas
www.adr.db.com
adr@db.com

Markets Distribution
London
Tel: +44 (0) 20 7547 6500
New York
Tel: +1 212 250 9100
Hong Kong
Tel: +852 2203 7854

Lundin Petroleum is a Swedish independent oil and gas exploration and
production company with a well balanced portfolio of worldclass assets
primarily located in Europe and South East Asia. The Company is listed on
NASDAQ Stockholm (ticker "LUPE"). Lundin Petroleum has proven and probable
reserves of 716.2 million barrels of oil equivalents (MMboe) as at 1 January
2016.

For further information, please contact:

Maria Hamilton Teitur Poulsen
Head of Corporate Communications VP Corporate Planning & Investor Relations
E-mail: maria.hamilton@lundin.ch Tel: + 41 22 595 10 00
Tel: +41 22 595 10 00
Tel: +46 8 440 54 50

Forward-Looking Statements
Certain statements made and information contained herein constitute
"forward-looking information" (within the meaning of applicable securities
legislation). Such statements and information (together, "forward-looking
statements") relate to future events, including the Company's future
performance, business prospects or opportunities. Forward-looking statements
include, but are not limited to, statements with respect to estimates of
reserves and/or resources, future production levels, future capital
expenditures and their allocation to exploration and development activities,
future drilling and other exploration and development activities. Ultimate
recovery of reserves or resources are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions of management.

All statements other than statements of historical fact may be forward-looking
statements. Statements concerning proven and probable reserves and resource
estimates may also be deemed to constitute forward-looking statements and
reflect conclusions that are based on certain assumptions that the reserves and
resources can be economically exploited. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or performance (often,
but not always, using words or phrases such as "seek", "anticipate", "plan",
"continue", "estimate", "expect", "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should", "believe" and
similar expressions) are not statements of historical fact and may be
"forward-looking statements". Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking
statements. No assurance can be given that these expectations and assumptions
will prove to be correct and such forward-looking statements should not be
relied upon. These statements speak only as on the date of the information and
the Company does not intend, and does not assume any obligation, to update
these forward-looking statements, except as required by applicable laws. These
forward-looking statements involve risks and uncertainties relating to, among
other things, operational risks (including exploration and development risks),
productions costs, availability of drilling equipment, reliance on key
personnel, reserve estimates, health, safety and environmental issues, legal
risks and regulatory changes, competition, geopolitical risk, and financial
risks. These risks and uncertainties are described in more detail under the
heading "Risks and Risk Management" and elsewhere in the Company's annual
report. Readers are cautioned that the foregoing list of risk factors should
not be construed as exhaustive. Actual results may differ materially from those
expressed or implied by such forward-looking statements. Forward-looking
statements are expressly qualified by this cautionary statement.

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