Notice on Extraordinary General Meeting in Selena Oil & Gas Holding AB (publ)

The shareholders of Selena Oil & Gas Holding AB (publ), 556643-6613 (the
“Company”), are hereby convened to extraordinary general meeting to be held at 
11.00 a.m. (CET), on 31 May 2013, at Mangold Fondkommission, Engelbrektsplan 2
in Stockholm.


A. Registration

Shareholders who wish to participate in the extraordinary general meeting must

 1. be entered in the share register maintained by Euroclear Sweden AB no later
    than 24 May 2013,
 2. give notice of their intention to participate in the extraordinary general
    meeting no later than 4 p.m. (CET) on 24 May 2013, via mail to the address:
    Selena Oil & Gas Holding AB (publ), P.O. Box 7614, SE-103 94 Stockholm, or
    via e-mail: info@selenaoil.com.

 

Name, address, civic registration number/company identification number and
telephone number as well as number of shares represented should be included in
the notice to participate and, if applicable the legal representative, agent or
advisor. The notification shall be accompanied by powers of attorney,
registration certificates and other supporting documents.

 

B. Nominee registered shares

Shareholders whose shares are registered in the name of a nominee must arrange
for those shares to temporarily be re-registered in their own names in order to
be entitled to participate in the general meeting. Such registration must be
completed by Euroclear Sweden AB on 24 May 2013. This means that the
shareholder must, well in advance of that date, inform the nominee hereof.

C. Representative

A shareholder represented through a representative shall issue a proxy for the
representative. The proxy should be sent to the Company well in advance of the
general meeting to the above address. If the proxy is issued by a legal entity,
a certified copy of the certificate of registration of the legal entity shall
be attached. The Company provides the shareholders with proxy forms on the
Company’s website, www.selenaoil.com.

D. Proposed Agenda

 1. Opening of the general meeting and election of the chairman of the general
    meeting
 2. Preparation and approval of the voting list
 3. Approval of the Agenda
 4. Election of one or two persons to verify the Minutes
 5. Determination of whether the general meeting has been duly convened
 6. Approval of the transactions between Ms. Nadezhda Popova and Selena Oil &
    Gas AB including the reorganisation of OOO ”Selena-Perm” and granting
    authorisation to the Board of Directors to negotiate and complete such
    transactions
 7. Removal and election of board members
 8. Closing of the general meeting

 

E. Questions to the Board and the Executive Director

Shareholders have the opportunity to request information regarding
circumstances that may affect the assessment of an item on the agenda, and its
relationship to other group companies. Such information is provided by the
board at the extraordinary general meeting provided that the information can be
provided without significant harm to the company.

F. Number of shares and votes

The total number of shares in the Company at the date of the notice of the
extraordinary general meeting amounts to 52,098,477. The total number of votes
in the company, as of the same date, amounts to 52,098,477. The Company does
not hold any treasury shares.

G. Additional information for item 6 of the Agenda

The Board of Directors has received an offer from Ms. Nadezhda Popova (a major
shareholder of the Company) to enter into a settlement agreement whereby: (1)
Ms. Nadezhda Popova transfers to Selena Oil & Gas AB all shares in OOO
”Selena-Perm” belonging to her and all claims under the loan agreements
concluded between the Company and its subsidiaries as the borrowers and Bryum
Limited as the lender, for the total principal amount of 2,158,000 USD, with
all interest and penalties accrued whereon (which claims Ms. Nadezhda Popova
intends to acquire from Brium Limited); (2) OOO ”Selena-Perm” will be
reorganized so that OOO ”KNK” (an entity controlled by Ms. Nadezhda Popova)
will ultimately acquire assets and liabilities of OOO ”Selena-Perm” except
those related to the ”Komarihinskoye” oil field, which will remain on the
balance sheet of OOO ”Selena-Perm” with all related assets and liabilities. The
Board of Directors seeks the shareholders’ approval to the above transactions
and the authorisation to further negotiate and implement the same.

___________

Stockholm in May 2013

Selena Oil & Gas Holding AB (publ)

 

The Board of Directors

 

For further information, please contact:

Aleksejs Rjabijs, Director

Tel: +371 25931663, 

e-mail: aleksejs.rjabijs@selenaoil.com

 

Selena Oil & Gas Holding AB (publ) (former Emitor Holding AB) is engaged in the
production and transportation of oil and gas in the Volga-Ural region in the
Russian Federation, including Perm and Udmurtia. The company is listed on
NASDAQ OMX First North Premier in Stockholm under the ticker SOGH. Mangold
Fondkommission is the company´s Certified Adviser and liquidity provider,
telephone +46 8-503 015 50.