In accordance with a resolution at the Annual General
Meeting in 2011, Alliance
Oil Company Ltd's nomination committee shall be
appointed by the four largest
shareholders in the company. The four largest shareholders
in Alliance Oil
Company Ltd are Betino Investments Limited, Alliance Group
OJSC, Alliance
Capital OJSC and Repsol Exploracion S.A.
These four shareholders have appointed the following
representatives together
with the company's chairman of the board, to constitute
the nomination
committee for the Annual General Meeting 2012:
Carl Svernlöv, Chairman of the nomination committee
representing Betino
Investments Limited
Fred Boling, representing Alliance Group OJSC
Andrei Sletov, representing Alliance Capital OJSC
Thomas Yonko, representing Repsol Exploracion S.A.
Eric Forss, Chairman of the board Alliance Oil Company Ltd
The Nomination Committee shall present a proposal for
election of the Board of
Directors as well as related questions for adoption at the
Annual Shareholders'
Meeting and complete the tasks and consider the
independence of the Directors
as set out in the Swedish Code of Corporate Governance.
The Annual General Meeting will be held in Stockholm on May 16, 2012.
Shareholders who would like to submit proposals to the
Nomination Committee can
do so via e-mail: info@allianceoilco.com
or to Advokat Carl Svernlöv, Baker &
McKenzie Advokatbyrå KB, P.O. Box 180, Vasagatan 7,
Stockholm SE-101 23,
Sweden, carl.svernlov@bakermckenzie.com,
not later than March 31, 2012.
For further information:
Carl Svernlöv, Chairman of the nomination committee, phone
+46-8-566 177 00
Eric Forss, Chairman, Alliance Oil Company Ltd., phone
+46 8 611 49 90
Also visit www.allianceoilco.com
Alliance Oil Company Ltd is a leading independent oil
company with vertically
integrated operations in Russia and Kazakhstan. Alliance
Oil has proved and
probable oil reserves of 638 million barrels
and downstream operations that
include the Khabarovsk refinery and the leading network of
gas stations and
wholesale oil products terminals in the Russian Far East.
Alliance Oil's
depository receipts are traded on the Nasdaq OMX Nordic
under the symbol AOIL.