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Vinge advises Statoil in connection with transaction concerning Lundin Petroleum and International Petroleum Corporation

February 28, 2017

Vinge advises Statoil ASA (“Statoil”) in connection with a transaction concerning Lundin Petroleum AB (publ) (“Lundin Petroleum”) and International Petroleum Corporation (“IPC”). The board of Lundin Petroleum has proposed to spin-off certain assets outside of Norway into a newly incorporated company, IPC, and to distribute the shares in IPC as dividend in kind to the shareholders of Lundin Petroleum. The intention is to list the shares of IPC on the Toronto Stock Exchange and Nasdaq Stockholm.

Further, the board of IPC has approved that a subsidiary to IPC, after the separate listing, submits a repurchase offer to all shareholders in IPC to acquire shares. Statoil has informed about its intention to sell its shareholding in IPC in the repurchase offer and Statoil has also entered into an agreement with Nemesia, an investment company related to the Lundin family, to sell any remaining shares held by Statoil in IPC to Nemesia which have not been sold through the repurchase offer.

Vinge’s team consists of Dain Hård Nevonen, Göran Nyström and Rikard Lindahl.

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