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Aladdin Oil & Gas Company ASA

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EV/2P Reserves, USD/bblPeer Group Review – clear indication of growth potential7,06,05,04,03,06,2 6,3 6,32,04,61,00,01,60,85Alliance <strong>Oil</strong> Exillon Energy Petroneft Victoria <strong>Oil</strong> & <strong>Gas</strong> Volga <strong>Gas</strong> <strong>Aladdin</strong>*For illustrative purposes only. Based on <strong>Aladdin</strong> research in January 2011. AOGC takes no responsibility for latest changes in shareprices and other estimations3

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