Ginger Oil AB would seek shareholder approval for a share repurchase program at its Annual General Meeting to be held on June 19, 2012. Under the program, the company will repurchase its shares, such that its holding in treasury does not exceed 10% of its total shares. The repurchases may be made on the stock exchange at a price within the current registered price range, and even outside the exchange at a price in money or value received property equal to the share price interval registered at the time of the transfer of the shares transferred with such deviation as the Board finds appropriate. The repurchases shall be made on NGM Equity (stock exchange) or through an offer to all shareholders. The program will be valid till the next Annual General Meeting.