Press Releases

Reverse share split of shares

27.05.2011

Reverse share split in Emitor Holding AB (publ) (subject to change of name to Selena Oil & Gas Holding AB (publ)

As announced in a press release dated May 25, 2011, the Board of Emitor Holding AB (publ) (subject to change of name to Selena Oil & Gas Holding AB (publ) (the ”Company”) has decided that the record date for the reverse share split that the Extraordinary General Meeting decided on May 6, 2011, shall be on June 7, 2011.

Description of the reverse share split

The terms for the reverse share split are 1:100. Shareholders who do not have a number of shares that are evenly divisible by 100 will receive shares free of payment, from the shareholder Mr. Oleg Popov, the number of shares required for the number of shares held to be divisible by 100. Mangold Fondkommission will execute the reverse share split. Shareholders don´t need to take any direct action in connection with the reverse share split. The number of outstanding shares in the Company will, after the reverse share split, amount to 41,347,500.

Time table for the reverse share split:

May 31, 2011 - Last day of trading before the reverse share split.

June 1, 2011 - First day of trading after the reverse share split (the new share price will reflect the effect of the reverse share split).

June 7, 2011 - Record date for the reverse share split.

Effects of the reverse share split

The reverse share split will result in a lower number of shares in the Company while the quota value will increase. The shareholders share of the Company’s share capital remains unchanged. Apart from that the shares quota value is changed, each new share holds the same rights as before the reverse share split.

For further information, please contact:
Indrek Rahumaa
Chairman of the board
Tel +372 509 2080 or +7 (916) 180 31 62
E-mail: indrek.rahumaa@selenaoil.com
Address: Sjöviksbacken 14, SE-117 43 Stockholm

About Emitor Holding AB (publ) (subject to change of name to Selena Oil & Gas Holding AB (publ)
Emitor Holding AB (publ) (subject to change of name to Selena Oil & Gas Holding AB (publ)) is engaged in the production and transportation of oil and gas in the Volga-Ural region in the Russian Federation, including in Perm and Udmurtia. The Company is listed on NASDAQ OMX First North in Stockholm. Mangold Fondkommission is the Company´s Certified Adviser and Liquidity Provider, telephone 08 - 503 015 50

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