CORRAL PETROLEUM HOLDINGS AB (PUBL) - Preem

CAPITALIZATIONThe following table sets out our historic consolidated capitalization and cash and cash equivalents as ofDecember 31, 2010. You should read this table in conjunction with “Selected Consolidated Financial Data,”“Description of Certain Indebtedness,” “Management’s Discussion and Analysis of Financial Condition and Results ofOperations” and our audited annual consolidated financial statements and the related notes, which are included elsewherein this Annual Report.There have not been material changes to our capitalization since December 31, 2010.As of December 31, 2010SEK € (1) $ (1)(in millions)Cash and cash equivalents.......................................................... 603 67 89Current Debt:Current portion of 2008 Credit Facility..................................... 9,671 1,074 1,422Senior Secured Notes (2) ............................................................. 3,947 438 580Total current debt (4) ................................................................... 13,618 1,513 2,002Long-term debt:2008 Credit Facility (5) ................................................................ — — —Subordinated Notes (6) ............................................................... 1,012 112 149Total debt ..................................................................................... 14,630 1,625 2,151Net debt ........................................................................................ 14,027 1,558 2,062(1) We have translated kronor into dollars and euros at the rate of $1.00=SEK 6.8025 and €1.00=SEK 9.002 (each of theexchange rates on December 31, 2010). We have provided this translation solely for your convenience.(2) We have translated the €236 million and $267 million outstanding debt of the Senior Secured Notes as of December 31,2010 into kronor at the rate of €1.00=SEK 9.002 and $1.00=SEK 6.8025 (the exchange rates on December 31, 2010). Wehave provided this translation solely for your convenience.(4) Total current debt represents debt that is due within 12 months under the 2008 Credit Facility and all amounts due under theSenior Secured Notes.(5) Represents debt under the 2008 Credit Facility that is due beyond one year from the period presented and is represented inour audited annual consolidated financial statements under long-term debt “Borrowings,” but excludes deferred transactionexpenses.(6) We have translated the €84 million and $37 million outstanding debt of the Subordinated Notes as of December 31, 2010into kronor at the rate of €1.00=SEK 9.002 and $1.00=SEK 6.8025 (the exchange rates on December 31, 2010). We haveprovided this translation solely for your convenience.14