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Misen Energy AB: Misen Energy AB (publ) comments on the articles in Expressen published on 25-26 June 2014

Expressen has on 25-26 June 2014 published articles about the Misen
Group. The articles contain incorrect information that could be
misleading to investors.

Misen's Joint Activity (JA) Agreement in Ukraine concerns the capital
renovation and improvement of a number of production wells and
construction of booster compressor stations. This is achieved by
providing modern technology in order to increase production. Misen is
responsible for securing financing for this upgrade. In
consideration, Misen is entitled to half (50.01%) of the net profit
after taxes of the increase in production of natural gas above the
base line (compared to a scenario when nothing had been done).

This information and further details on the JA cooperation is and have
been available on Misen's website
( and has been
presented in Misen's financial reports (also available at Expressen has clearly misunderstood the
nature and terms of the JA.

To assess the viability of the JA, Misen in 2013 commissioned an
independent Competent Persons Report which concluded on the following
net reserves and resources attributable to Misen as a member of the
JA for all projects included for the 2013- 2030 development period:
1P (available proven) and 2P (proven and probable) to constitute
14.065 and 17.157 billion cubic meters, respectively. This
information has been previously communicated in a press release on 6
September 2013, as well as in the following financial reports: the
Interim Report published on 29 November 2013, the audited Annual
Report published on 8 April 2014 and the Interim Report published on
27 May 2014.

A list of Misen's shareholders is available on the company's website
( As regards
the information in Expressen's article on what is said to be ultimate
beneficial shareholders in Misen, the company, like any listed
company, has no means to establish ownership structures behind the
shareholders. Misen complies with all relevant legislation and stock
exchange requirements concerning information on its shareholders.

For further information please contact:

Göran Wolff, MD

Telephone: +46 31 759 50 72
+46 709 45 48 48

Misen Energy AB (publ) (formerly Svenska Capital Oil AB (publ)) is a
Swedish upstream oil and gas company with operations in Ukraine. The
company was founded in 2004 and its shares are since 12 June 2007
traded on NASDAQ OMX First North.

In 2011, Misen Energy AB (publ) acquired all shares in Misen
Enterprises AB and its wholly-owned Ukrainian subsidiary, LLC
Karpatygaz, including the rights to 50.01% of the revenue and profit
from a gas production project in Ukraine. The rights and cooperation
relating to the gas production is governed by a Joint Activity
Agreement among Misen Enterprises AB and LLC Karpatygaz (together
50.01%) and PJSC Ukrgasvydobuvannya (49.99%), the largest private
producer of natural gas in Ukraine and subsidiary of the National
Joint Stock Company Naftogaz of Ukraine.

The purpose of the joint activity project is to significantly increase
production of gas and oil by providing modern technologies via a
large-scale investment program.

The registered office of Misen Energy AB (publ) is in Stockholm and
the shares are traded on NASDAQ OMX First North under identification
ticker MISE.

The Certified Adviser of the company at NASDAQ OMX First North is
Thenberg & Kinde Fondkommission AB.

For further information please visit our website

Författare Hugin

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