Change of CEO



Mr. Ivar Aarseth has decided to step down from the position as CEO of Lime Petroleum Norway AS (“the Company”) and take retirement from 1 November 2016. He will from the same date be replaced by Mr. Terje Hagevang who has since May 2014 been employed as the COO/Exploration Manager of the Company. He will continue to cover these responsibilities together with the position as CEO.