CORRAL PETROLEUM HOLDINGS AB (PUBL) - Preem

OWNERSHIP OF COMMON STOCKWe are wholly owned by Moroncha Holdings, which, in turn, is wholly owned by Mr. Mohammed Hussein Al-Amoudi. Through such ownership, Mr. Al-Amoudi indirectly has the right to make binding nominations for theappointment of members to our board of directors and that of Preem and to determine the outcome of any actionrequiring shareholder approval, including election and removal of their directors, amendments to their charters, mergersand other extraordinary corporate actions.Mr. Al-Amoudi’s holdings include a majority interest in Société Anonyme Marocaine de l’Industrie Raffinage,or SAMIR, a Moroccan oil refining company, Svenska Petroleum Exploration AB, or SPE, a petroleum exploration andproduction company, and a majority interest in Midroc Europe AB, a holding company of a group of companies active inthe field of industrial construction, repair and maintenance. See “Related Party Transactions” for additional information.Although these related companies currently do not directly compete with Preem in its primary markets, wecannot assure you that they will not compete with Preem in the future. Some of our directors and executive officers andthat of Preem also act as directors or executive officers with some of these related companies. See “Management”elsewhere in this Annual Report. We, along with our subsidiaries, also engage in commercial transactions with some ofthese related companies from time to time. See “Related Party Transactions” elsewhere in this Annual Report for detailsof such transactions. If we or any of our subsidiaries enters into any such transactions with any of these relatedcompanies, it intends to do so on terms no less favorable than those it could have obtained from unrelated third parties.Nonetheless, such transactions could result in conflicting interests.50