Correction to Conversion of debt to shares with resulting share capital increase

The following correction to the announcement is enclosed.  The share capital
increase might be registered in VPS. 

Juan Partecipazioni SA has supplied Netoil Capital Ltd with a mortgage to cowl day
to day bills.   The mortgage totals USD 35 000 and has an rate of interest of Libor
+2%, repayable by finish of 2022.
Juan Partecipazioni SA has requested that the excellent mortgage be transformed to
shares and it's agreed that this might be finished at a value of NOK 2.40.  
Netoil Capital will as such difficulty 128 479 new shares to Juan Partecipazioni SA 
The following share capital increase relating to the completion of the Juan
Partecipazioni SA conversion of mortgage

In addition, John P. Kenny, who supplied the preliminary funding for the corporate has
requested that every one his excellent loans be transformed to shares.  The mortgage
totals USD 455 960 together with excellent curiosity.  This may even be finished at
NOK 2.40.
Netoil Capital will as such difficulty 1,785,843 shares to John P. Kenny
The new share capital within the firm is £ 4559, divided into 45,590,964 with a
par worth of £ 0.0001.

The share capital increase is registered at Companies House and might be
registered at Norwegian Central Securities Depository ("VPS").

For additional info, please contact: Nils Trulsvik, CEO, tel: +47 416 08 667
- e-mail: [email protected] 

This info is taken into account to be inside info pursuant to the EU
Market Abuse Regulation and is topic to the disclosure necessities pursuant
to Section 5-12 the Norwegian Securities Trading Act.

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