RNS Number:3266C
Sodra Petroleum AB
19 April 2001


19 April, 2001

          NOTICE OF ANNUAL GENERAL MEETING OF

                              SODRA PETROLEUM AB

The shareholders of Sodra Petroleum AB (the "Company") are hereby given notice
of the Annual General Meeting (the "Meeting") of shareholders to be held on
Wednesday, May 16, 2001 at 14.00h (Swedish time). Location: Operaterrassen,
Karl XII:s torg, Stockholm.

Attendance at the meeting

Shareholders wishing to attend the meeting must notify the Company not later
than 11 May, 2001; in writing to Sodra Petroleum AB, Hovslagargatan 5, SE-111
48 Stockholm, Sweden, by telefax Int +46-8-440 54 59, or by telephone Int
+46-8-440 54 50.

In addition, shareholders wishing to vote at the Meeting must be recorded as
shareholders in the shareholders' register issued by the Swedish Securities
Register Centre (VPC AB) by 4 May, 2001. Shareholders whose shares are
registered in the name of a nominee must temporarily register the shares in
their own names in the shareholders' register to be able to vote at the
Meeting. Such registration must be effected by 4 May, 2001.

Agenda

 1. Opening of the Meeting
 2. Election of chairman of the Meeting
 3. Preparation and approval of the voting register
 4. Approval of the agenda
 5. Election of one or two persons to approve the minutes
 6. Determination as to whether the Meeting has been duly convened
 7. Presentation of the annual report and the auditor's report and the
    consolidated annual report and the auditor's group report
 8. Resolution in respect of adoption of the profit and loss statement and the
    balance sheet and the consolidated profit and loss statement and
    consolidated balance sheet
 9. Adoption of the Company's result and balance sheet
10. Resolution in respect of discharge from liability of the members of the
    board and the managing director
11. Resolution in respect of the number of members of the board to be elected
    at the Meeting
12. Resolution in respect of the fees payable to the members of the board
13. Election of members of the board
14. Resolution in respect of the Board's proposal to amend the conversion
    rights in the articles of association
15. Resolution in respect of the Board's proposal to issue shares
16. Other matters
17. Closing of the meeting

Dividends

The Board of Directors proposes that no dividends are declared for the
financial year 2000.

Election of members of the board

Shareholders entitled to more than 50 per cent. of the voting rights of the
Company propose the re-election of the current board members Adolf H. Lundin,
Dr Roger J. R. Cairns, Bo Hjelt and Ian H. Lundin. Magnus Nordin has rejected
re-election and will resign from the Board.

Board's proposal to amend the conversion rights in the articles of association

In accordance with (S) 7 in the articles of association, holders of
convertible shares are entitled to request conversion of their shares during
the period commencing 5 November and up to and including 23 November, 2001.
Upon exercise of the convertible shares, for every 12 convertible shares, the
holder will receive a warrant to subscribe for one new Lundin B share at a
price of SEK 0.50.

Lundin Oil AB ("Lundin") and the Company have agreed, subject to the approval
at the Annual General Meetings of both Lundin and the Company, that -in
addition to the aforementioned period - during the period commencing 21 May
and up to and including 14 June, 2001 holders of convertible shares may
exercise conversion rights. Upon the said exercise of conversion rights, for
every eleven (11) convertible shares the holder will receive a warrant to
subscribe for one new Lundin B share at a price of SEK 0.50. Convertible
shareholders may only convert in multiples of 11 convertible shares. Any
convertible shares, subject to a maximum of ten (10), that remain after a
convertible shareholder has converted his maximum entitlement may be sold to
Lundin for SEK 2.00 per share, payable in cash. By virtue of the Board's
proposals, (S) 7 in the articles of association shall be amended accordingly.

Board's proposal for an authorisation to resolve on a new issue

The Board of Directors proposes that the Board be authorised to issue a
maximum of 40,506,500 ordinary shares. The Board shall be entitled to
dissapply the pre-emptive rights of the existing shareholders and
consideration for the new shares may be set-off against Company liabilities or
satisfied in kind or otherwise subject to conditions. The authorisation may be
exercised at one or several occasions prior to the next Annual General
Meeting. The authorisation shall be used for the execution of the right to
convert shares which rests with holders of convertible shares in accordance
with the Articles of Association.

Stockholm, 19 April, 2001

SODRA PETROLEUM AB (publ)

The Board of Directors




                For further information, please contact:

                                 Ian H Lundin

                              Managing Director

                              Sodra Petroleum AB

                            Tel: +41-22 319 66 00

                                      Or

                                Maria Hamilton

                           Corporate Communications

                            Tel: +41 22 319 66 12
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