Share capital increase registered

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The following share capital increase relating to the assignment of Netoil’s oil
and gas interest to J.P. Kenny Petroleum Ltd as reported. Netoil has received
30,000,000 new shares against the assignment of their assets.

The new share capital in the company is £ 4156, divided into 41,564,727 with a
par value of £ 0.0001.

The share capital increase is registered at Companies House, but shares are not
yet registered at the Norwegian Central Securities Depository (“VPS”).

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