Independent Oil & Resources PLC

serving the oil industry

Mandatory notification of trade

INDEPENDENT OIL & RESOURCES ASA
Independent Oil & Resources ASA has on the 24th February 2010 sold 3.600.000 shares in Petrojack ASA.
Following the transaction, balance of shares in Petrojack ASA is 0.
Stavanger/Bergen,  25 February 2010

205, Christodoulou Chatzipavlou, Loulloupis Court, Office 401 | 3036 Limassol
P.O Box 56128, 3304 Limassol | Phone: +357 25 35 60 00 | Fax: +357 25 35 65 00