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CORRAL PETROLEUM HOLDINGS AB (PUBL) AND PREEM AB (PUBL) ANNOUNCE REFINANCING PLAN AND ISSUE NOTICE OF CONDITIONAL REDEMPTION

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Corral Petroleum Holdings AB (publ) (“Corral”), the parent company of Preem AB (publ) (“Preem”), today can confirm that the Corral group has signed up to new financing sources (collectively, the “New Financing Sources”). The date for completion and funding pursuant to the New Financing Sources has not yet been scheduled. Completion and funding remain subject to customary closing conditions.

The use of proceeds from the New Financing Sources is intended to include the complete pay-off of Preem’s current $1,542 million revolving credit facility as well as the optional redemption of the

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Source: CORRAL PETROLEUM HOLDINGS AB (PUBL) AND PREEM AB (PUBL) ANNOUNCE REFINANCING PLAN AND ISSUE NOTICE OF CONDITIONAL REDEMPTION

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