1 Lundin Petroleum EGM Distribution of Lundin Petroleums Shares in Etrion Corporation EGM, Stockholm WF11121 p1 10.10 4 November 2010
2 Etrion Corporation Develops, builds, owns and operates solar Montalto - Lazio, Italy power plants in Italy Listed on Toronto Stock Exchange (ticker ETX), to be dual-listed on NASDAQ OMX Stockholm Market capitalisation of…
3 Renewables Energy Market SVE - Puglia, Italy Market drivers for renewable energy Increasing global demand for energy Favourable regulatory trends for renewable energy Improving technologies and decreasing costs Solar…
4 Etrion Investment Highlights Portfolio of solar power projects strategically positioned for growth 40 megawatts (MW) of operational solar power plants 8 MW of solar parks under construction 200 MW of solar development…
5 Etrion Management and Board Management Marco A. Northland, CEO and Director: co-founder of Etrion and previously head of European operations for SunPower Garrett Soden, CFO Michael Sommer, VP Business Development Fernando…
6 Distribution to Lundin Petroleum Shareholders Lundin Petroleum Shareholders 100% Distribution Lundin Petroleum of Shareholders Etrion Shares 100% 40% 40% Etrion shares listed on Toronto Stock Exchange and to be…
7 Distribution Rationale Natural step for Etrion to be separated from Lundin Petroleum now that the company has reached critical mass through a proactive acquisition and development strategy Solid position as a pure-play…
8 Distribution Mechanism Exchange Ratio 1 : 0.2283 Example On or around 12 November NASDAQ OMX Stockholm 228 Etrion shares listing date 1,000 Lundin Petroleum shares Cash value of On or around 19 November 0.3 Etrion…
9 Value of Distribution to Lundin Petroleum Shareholders Value of Distribution to LUPE shareholders SEK/share 2.25 2.00 1.75 1.50 1.25 1.00 0.75 0.50 0.25 0.00 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 Etrion…
10 Swedish Considerations Dual listing on NASDAQ OMX Stockholm of Etrion shares Tax efficient distribution of Etrion shares to Lundin Petroleum shareholders through application of Lex Asea rules Etrion listing prospectus…
11 Lex Asea Distribution structured so Lex Asea rules applicable Dividend is not taxable upon receipt Cost base of investment in Lundin Petroleum shares allocated between Lundin Petroleum shares and Etrion shares…
12 Expected Timetable 5th October Announcement 18th October EGM notice 4th November Lundin Petroleum EGM 10th November Record date for Lundin Petroleum distribution of Etrion shares 12th November Etrion dual listing on…
13 Distribution Carnegie will maintain a telephone line to answer questions regarding dividend of Etrion shares: + 46 8 58 86 94 89 WF11121 p13 10.10
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