OREANDA-NEWS. Lundin Petroleum AB (Lundin Petroleum) announces that Mr. Chris Bruijnzeels, Senior Vice President Development, will step down at the end of January 2015 following 12 years with the Company.

Mr. Bruijnzeels has worked in various technical, commercial and managerial positions within the Company since 2003 and has been Senior Vice President for the last six years. Mr. Bruijnzeels will become the President and Chief Executive Officer of ShaMaran Petroleum Corp, a publicly listed oil and gas company in which Lundin Petroleum has a shareholding.

Lundin Petroleum has commenced a process to identify suitable candidates for the Senior Vice President Development position.

Ashley Heppenstall, President and CEO of Lundin Petroleum comments: "Chris has been a very important member of the management team at Lundin Petroleum, overseeing the teams responsible for our operations and our development projects through an exciting and successful growth period for the Company. I am pleased that Chris will remain close to the Company in his new role at ShaMaran, and everyone at Lundin

Petroleum wishes him all the best."

Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world-class assets primarily located in Europe and South East Asia. The Company is listed on NASDAQ Stockholm (ticker "LUPE"). Lundin Petroleum has proven and probable reserves of 187.5 million barrels of oil equivalent (MMboe).