The board of directors of Lundin Petroleum AB (the “Lundin Petroleum”) has proposed to spin-off the company’s assets in Malaysia, France and the Netherlands into the newly formed company called International Petroleum Corporation (“IPC”) and to distribute the IPC shares to Lundin Petroleum’s shareholders by way of a Lex ASEA distribution.

Gernandt & Danielsson advises Lundin Petroleum in connection with distribution and listing of the shares in IPC subsequent to an internal reorganization. IPC has applied to the Toronto Stock Exchange to list its shares following the distribution and also intends to list its shares on Nasdaq Stockholm.

Gernandt & Danielsson advises Lundin Petroleum with a team consisting of Partner Carl Westerberg, Senior Associate Erika Olofsson and Associates Karin Källström and Lukas Åhman.