CORRAL PETROLEUM HOLDINGS AB (PUBL) - Preem

which was merged into Preem on October 30, 2008;“IFRS” refers to the International Financial Reporting Standards, as issued by the International AccountingStandards Board (“IASB”) as adopted by the EU;“Moroncha Holdings” refers to Moroncha Holdings Co. Limited, the parent company of Corral PetroleumHoldings;“Moroncha Note” refers to a promissory note issued by Corral Petroleum Holdings to Moroncha Holdings, in theprincipal amount of SEK 6,500 million, in connection with Former Corral Petroleum Holdings Acquisition;“Preem” refers to Preem AB (publ) (formerly Preem Petroleum AB (publ)) and all of its subsidiaries, the direct,wholly owned subsidiary of Corral Petroleum Holdings. Following the merger of former Corral Petroleum Holdingsinto Preem on October 30, 2008, Preem assumed all of the assets of former Corral Petroleum Holdings;“Second Supplemental Agreement” refers to the second supplemental agreement relating to the 2008 CreditFacility among Preem and the Facility Agent, dated January 25, 2010; “Senior Secured Indenture” refers to the indenture governing the Senior Secured Notes dated as of May 6, 2010,between, among others, the Company and Deutsche Trustee Company Limited, as Senior Secured Notes Trustee;“Senior Secured Notes” refers to the euro-denominated Varying Rate Senior Secured Notes due 2011 (originallyissued in an aggregate principal amount of €220,947,825) and to the dollar-denominated Varying Rate SeniorSecured Notes due 2011 (originally issued in an aggregate principal amount of $249,924,310) issued by CorralPetroleum Holdings;“Senior Secured Dollar Notes” refers to the Senior Secured Notes issued in dollars.“Senior Secured Euro Notes” refers to the Senior Secured Notes issued in euro.“Senior Secured Notes Trustee” refers to Deutsche Trustee Company Limited;“Subordinated Loans” refers to any loans made to Preem which are legally subordinated to the financialindebtedness owing under the 2008 Credit Facility, which must be incurred in accordance with the terms of the2008 Credit Facility;“Subordinated Notes” refers to the euro-denominated Varying Rate Subordinated Notes due 2015 (originally issuedin an aggregate principal amount of €78,588,101) and to the dollar-denominated Varying Rate Subordinated Notesdue 2015 (originally issued in an aggregate principal amount of $35,058,579) issued by Corral Petroleum Holdings“Subordinated Dollar Notes” refers to the Subordinated Notes issued in dollars.“Subordinated Euro Notes” refers to the Subordinated Notes issued in euro.“Third Supplemental Agreement” refers to the third supplemental agreement relating to the 2008 Credit Facilityamong Preem and the Facility Agent, dated April 14, 2010;“Ultimate Shareholder” refers to Mohammed Hussein Al-Amoudi;“United States” or the “U.S.” refers to the United States of America; and“we,” “us,” “our” and other similar terms refer to Corral Petroleum Holdings and its consolidated subsidiaries,including Preem, except where the context otherwise requires.In the petroleum refining industry, crude oil and refined product amounts are generally stated in cubic meters(“m 3 ”) or barrels, each of which is a unit of volume, or in metric tonnes (“tons”), a unit of weight, depending on theproduct and the reason for which the amount is being measured. These volumes may be expressed in terms of barrels. Abarrel (“bbl”) contains 42 U.S. gallons. We have converted cubic meters to barrels at the rate of 1 cubic meter=6.2898barrels.iv