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Petrosibir AB: Production report for April 2016

Petrosibir’s total oil production in April 2016 amounted to 41,440 barrels,
equivalent to 1,381 barrels per day.

The table below summarizes the production broken down by region.

*On 16 December 2015 Petrosibir acquired its 49% share of the Komi operations.
The tables for the full year 2015 therefore only include 16 days of
production from Komi. The average daily production for Komi 2015 is
calculated on 16 days.

**On 11 December 2015 Petrosibir distributed its Ukrainian operations to its
shareholders. The tables above therefore include the production from Ukraine
up until and including 11 December 2015.

Petrosibir owns 100% of the Russian company Ingeo Holding, which holds a
production license in Bashkiria. Petrosibir also owns 49% of the Cypriot
company Ripiano, whose wholly owned Russian subsidiaries hold three
production licenses in Komi. Bashkiria and Komi are federal subjects of the
Russian Federation.

For more information, please contact:

Nikolay Millionshchikov, acting CEO, +46 8 407 1850

Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585

About Petrosibir

Petrosibir is a Swedish company focused on exploring and developing
concessions in Russia. Petrosibir’s Ukrainian operations have been
distributed to its shareholders. The company holds licenses in the Russian
republics of Bashkiria and Komi. Petrosibir’s 2P oil and gas reserves amount
to 35 million barrels of oil equivalent. The Petrosibir share is traded on
the OTC-list at beQuoted starting from 17 February 2016 under the symbol

This is an English translation of the Swedish original. In case of
discrepancies, the Swedish original shall prevail.

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