Information from year end 2015 report Misen Energy AB (publ)

Following is a summary of the financial information given in the January –
December 2015 report from Misen Energy AB (publ) published today, 29 February
2016. The complete report is available on the Company's website:
http://misenenergy.se/repository/Financial_reports_ENG/Misen_Energy_year_end_201
5 
_ENG.pdf

Summary of results:

Misen group

  · Investment program was negatively affected by increased subsoil use charge
up to 70% since July 2015, what resulted only in marginal increase of production
levels during the twelve months of 2015.
  · During twelve months 2015 Misen led Joint Activity (hereinafter "JA") faced
lower sales prices, increased subsoil charges, weakening Ukrainian currency and
non-payment by counterparties, what resulted in consolidated operating group
income being lower by 97% when compared to twelve month 2014 and consolidated
group net turnover being lower by 24%.
  · Accumulated earnings per share for twelve months 2015 are negative and make
up SEK -0.23.

Parent company

  · Writes down shares in subsidiary Misen Enterprises AB by KSEK 560,000 due to
increase in subsoil charges and low gas prices

Key events:

Misen group

  · Starting from July 2015, the subsoil use charge for JAs operating in Ukraine
was increased to 70%.
  · During January-December 2015, JA commissioned four booster compressor
stations, one of which (Khrestyshchenska BCS) is one of the biggest in Ukraine,
which facilitates extraction of up to 25% of total domestic natural gas
production.
  · Due to disagreement with the state-owned party PJSC Ukrgasvydobuvannya as
for the distribution of incremental production of Khrestyshchenska BCS, JA was
forced to use up to 9 million cubic meters ("mmcm") of natural gas to cover
technical needs of Khrestyshchenska BCS operations.
  · In early October 2015, Misen has submitted an investment dispute notice to
the Government of Ukraine under the Ukrainian-Swedish Bilateral Investment
Treaty. Misen notified Ukraine that a dispute has arisen between it and Ukraine
concerning the Company’s investment in Ukraine, which is being continuously
targeted with discriminatory 70% royalty on gas prices fixed by the regulator,
and invited Ukraine to resolve the dispute by consultation and negotiation.
  · During twelve months 2015, the rate for UAH towards SEK has decreased from
0.4844 on 31 December 2014 to 0.3468 on 31 December 2015, or by -28,4%.

January – December 2015 (2014):

  · Consolidated operating group income: KSEK 14,609 (550,418)
  · Consolidated group net turnover: KSEK 884,373 (1,163,253)
  · Earnings per share: SEK -0.23 (2,25)
  · Production of natural gas: 687.5 mmcm (672.0)

Parent company

  · Financing of Parent company's operations for 2016 still unsolved.

Key events after end of 2015:

In the beginning of February 2016, JA has reached temporary agreement as for the
Khrestyshchenska BCS technical gas distribution with PJSC Ukrgasvydobuvannya.
This agreement assumes that technical gas needs will be covered by PJSC
Ukrgasvydobuvannya.
For further information, please contact:

Göran Wolff, MD

Direct line:  +46 31 759 50 72
Mobile:       +46 709 45 48 48
E-mail:        goran@misenenergy.se (%67%6f%72%61%6e@%6d%69%73%65%6e%65%6e%65%72
% 
67%79.%73%65)

  info@misenenergy.se (%69%6e%66%6f@%6d%69%73%65%6e%65%6e%65%72%67%79.%73%65)
Misen Energy AB (publ) is a Swedish upstream oil and gas company with operations
in Ukraine. The company was founded in 2004 and its shares are since 12 June
2007 traded on Nasdaq First North Stockholm.
In 2011, Misen Energy AB (publ) acquired Misen Enterprises AB and its Ukrainian
subsidiary, LLC Karpatygaz, including the rights to 50.01% of the revenue and
profit from a gas production project in Ukraine. In consideration of this
acquisition, a new share issue was carried out.
The gas producing assets have been acquired by production cooperation via a
joint activity project governed by a Joint Activity Agreement between the wholly
-owned direct and indirect subsidiaries of Misen Energy AB (publ), i.e. Misen
Enterprises AB and LLC Karpatygaz (together 50.01%) and PJSC Ukrgasvydobuvannya
(49.99%), the largest producer of natural gas in Ukraine and subsidiary of the
National Joint Stock Company Naftogaz of Ukraine. The value of the assets is
estimated to be substantially higher than the purchase price for Misen
Enterprises AB. The purpose of the project is to significantly increase
production of gas and oil by providing modern technologies via a large-scale
investment program.
The registered office of Misen Energy AB (publ) is in Stockholm and the shares
are traded on First North under identification ticker MISE. The Certified
Adviser of the company at Nasdaq First North Stockholm is Consensus Asset
Management AB.
For further information, please visit our website www.misenenergy.se.