This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. See also section IMPORTANT INFORMATION below.     
                                                                             
Maha Energy AB announces the final outcome of its initial public offering and confirms first day of trading on Nasdaq First North Stockholm as 29 July 2016 
Maha Energy AB (the "Company" or "Maha") today announces the final outcome of its initial public offering of units in the form of new shares of class A and warrants giving right to subscribe for new shares of class A (the "Offering") in connection with a listing on Nasdaq First North Stockholm.

Price
The Offering was carried out in order to broaden the shareholder base and provide working capital, mainly to finance development operations and acquisitions. The subscription price was set at SEK 19 per unit (each unit consisting of four (4) new shares of class A and one (1) warrant giving right to subscribe for one (1) new share of class A). Nothing is to be paid for the warrants and the subscription price per share was thus SEK 4.75.

Allotment
The allotment of units in the Offering will be as follows:
1. As disclosed in Press Release dated 30 June 2016, the guarantee consortium was provided the ability to reduce their respective undertakings by 50 % in exchange for committing to a six-month lock-up and accepting Units in settlement of the remuneration (the "Amendment"). The Company received signed Amendments from 99.5% of the guarantee consortium.
2. The Company has received 92.5 million SEK of subscription proceeds to date. The Company has agreed with Kvalitena AB that its subscription for 15.2 million SEK of units in the Offering  will be delayed until 5 August, 2016.
3. As such, the Company has completed an Interim Closing of its Offering ("Interim Closing") as follows:
  (a) 647,671 units corresponding to approximately 12.3 million SEK were subscribed for by and allotted to the general public;
  (b) 1,368,421 units corresponding to 26.0 million SEK were subscribed for and allotted in accordance with subscription pre-commitments;

  (c) 3,363,065 units corresponding to 54.2 million SEK were subscribed for by the guarantee consortium of which 513,010 units (with a value of SEK 9,747,182) are issued to the guarantee consortium in payment of cash remuneration due under the guarantees.
4. A Final Closing is expected to occur on or before 5 August, 2016 (the "Final Closing") upon receipt of the remaining 15.5 million SEK.  The Company will have issued 818,917(1) additional units.  The Company will update the position immediately following the Final Closing in a further press release.
(1) In addition to a contractual agreement made with Kvalitena AB there remains approximately 316,000 SEK unpaid (one guarantor of SEK 250,000 and SEK 66,000 from retail investors) which are expected to be received prior to Final Closing. 

First Day of Trading
The first day of trading in the Company's shares of class A and warrants giving right to subscribe for shares of class A at Nasdaq First North Stockholm will occur on 29 July 2016. 

Capital Structure
Upon Interim Closing and registration with the Swedish Companies Registration Office, the share capital will increase with SEK 236,683 from SEK 524,479 to SEK 761,162 and the number of shares will increase by 21,516,628 from 47,679,957 to 69,196,585 (divided between 50,994,664 A-shares, 13,609,394 convertible B-shares, 1,844,527 convertible C1-shares, and 2,748,000 convertible C2-shares). Each of the maximum 5,379,157 warrants may be exercised for subscription of one (1) new share of class A and may thus entail an additional increase of the share capital and number of shares (if exercised).
Upon Final Closing and registration with the Swedish Companies Registration Office, the above share capital will increase with SEK 36,032 from SEK 761,162 to SEK 797,194 and the number of shares will increase from 69,196,585 to 72,472,253 and the number of above warrants will increase to 6,198,074.

Price for and Period for Subscription of New Shares of Class A Through Exercise of Warrants
The price for subscription of new shares of class A through exercise of warrants is SEK 6.40 and subscription may take place up to and including 15 January 2018. More information about the warrants and how to subscribe for new shares of class A through exercise of warrants is to be found in the terms and conditions for the warrants included in the prospectus published on 31 May 2016 available at our website www.mahaenergy.ca.

Company Ownership
Upon registration with the Swedish Companies Registration Office following the Interim and the Final Closing, the Company's major shareholders will be as follows:

Cash Position
As at 30 June 2016, the Company (on a consolidated basis) had approximately SEK 21.3 million of working capital and no long term debt.  With the Interim Closing proceeds of 92.5 million SEK in cash less estimated remaining cash share issue expenses of 6.8 million SEK up to Interim Closing, with the Company estimates it will have a working capital of approximately 107 million SEK.   After Final Closing the remaining proceeds of 15.5 million SEK in cash less estimated remaining Final Closing cash share issue expenses of 1.8 million SEK, the Company estimates it will have total working capital of approximately 120.7 million SEK.

Use of Proceeds
The Company plans to use the working capital balance of 107 million SEK available after Interim Closing as follows, (stated in order of precedence):

(1)The final purchase price is adjusted in accordance with each Quota Purchase Agreement for normal course working capital, long-term liabilities, payments, prepayments, currency fluctuations etc.
The increase in net working capital balance upon Final Closing of 13.7 million SEK would be used primarily to conduct Phase III of the LAK Development Plan as outlined in the Prospectus.

Advisers
Stockholm Corporate Finance AB acts as financial adviser and Setterwalls Advokatbyrå AB acts as legal adviser to the Company in connection with the Offering. FNCA Sweden AB has been engaged as Certified Adviser.    

For more information, please contact:             
Jonas Lindvall (CEO)
Tel: +1 403 454 7560        
Email: jonas@mahaenergy.ca

 or

Ron Panchuk
Tel: +1 403 454 7560         
Email: ron@mahaenergy.ca

Miscellaneous       
This information is published in accordance with the EU Market Abuse Regulation and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication through the agency of the contact persons set out above on 26 July 2016, at 2 p.m CET.

Maha in Brief       
Maha Energy AB is a Swedish public limited liability company. The Company's predecessor Maha Energy Inc was founded in 2013 in Calgary, Canada, by Jonas Lindvall and Ron Panchuk. In May 2016, the new group was formed with Maha Energy AB as parent company for purposes of the Offering and the planned listing. Jonas Lindvall, CEO and Managing Director, has 25 years of international experience in the oil and gas industry, starting his career with Lundin Oil during the early days of E&P growth.  After 6 years at Shell and Talisman, Jonas joined, and helped secure the success, of Tethys Oil AB. Maha's strategy is to target and develop underperforming hydrocarbon assets on global basis. The Company will operate two oil-fields, Tartaruga in Brazil (subject to Brazilian Government approvals and closing) and LAK Ranch, in Wyoming, US. For more information, please visit our website www.mahaenergy.ca.
Important Information

Publication or distribution, directly or indirectly, of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this press release, or part of it, are required to inform themselves of, and comply with, such legal restrictions. This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. Copies of this press release are not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in violation of such restrictions. Failure to comply with such restrictions may constitute a criminal act under the United States Securities Act of 1933 (as amended) ("Securities Act") or applicable laws in other jurisdictions.

This press release neither constitutes, nor constitutes a part of, an offer or a solicitation of an offer to purchase or subscribe for securities in Maha. Invitation to subscribe for securities in Maha has only been made in accordance with the prospectus published on 31 May 2016 and the supplementary prospectus published on 7 June 2016. Neither the shares and warrants subscribed for nor the new shares have or will be registered in accordance with the Securities Act. Neither the shares and warrants subscribed for nor the new shares may, directly or indirectly, be transferred to or offered for sale in Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where such measure could be subject to legal restrictions or to any person residing in such jurisdictions, or on such person's account, other than in accordance with applicable exemptions that do not require registration in accordance with the Securities Act or similar measures according to applicable laws in other jurisdictions.     

This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. See also section IMPORTANT INFORMATION below.                                         
                                                                          
Maha Energy AB announces delayed first day of trading on Nasdaq First North Stockholm      

Maha Energy AB (the "Company" or "Maha") expected first day of trading of the Company's class A shares and warrants on Nasdaq First North Stockholm of July 15th 2106 has been delayed.  Maha intends by press release to provide an updated listing date and final outcome of the initial public offering information shortly.

Advisers
Stockholm Corporate Finance AB acts as financial adviser and Setterwalls Advokatbyrå AB acts as legal adviser to the Company in connection with the Offering. FNCA Sweden AB has been engaged as Certified Adviser.    

For more information, please contact:           
Jonas Lindvall (CEO)
Tel: +1 403 454 7560         
Email: Jonas@mahaenergy.ca

Or 

Ron Panchuk 
Tel: +1 403 454 7560         
Email:Ron@mahaenergy.ca
Miscellaneous      
This information was submitted for publication through the agency of the contact persons set out above on 14 July 2016, at 7:30 p.m CET.

Maha in brief        
Maha Energy AB is a Swedish public limited liability company. The Company's predecessor Maha Energy Inc was founded in 2013 in Calgary, Canada, by Jonas Lindvall and Ron Panchuk. In May 2016, the new group was formed with Maha Energy AB as parent company for purposes of the Offering and the planned listing. Jonas Lindvall, CEO and Managing Director, has 25 years of international experience in the oil and gas industry, starting his career with Lundin Oil during the early days of E&P growth.  After 6 years at Shell and Talisman, Jonas joined, and helped secure the success, of Tethys Oil AB. Maha's strategy is to target and develop underperforming hydrocarbon assets on global basis. The Company will operate two oil-fields, Tartaruga in Brazil (subject to Brazilian Government approvals and closing) and LAK Ranch, in Wyoming, US.       For more information, please visit our website www.mahaenergy.ca.

Important Information
Publication or distribution, directly or indirectly, of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this press release, or part of it, are required to inform themselves of, and comply with, such legal restrictions. This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. Copies of this press release are not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in violation of such restrictions. Failure to comply with such restrictions may constitute a criminal act under the United States Securities Act of 1933 (as amended) ("Securities Act") or applicable laws in other jurisdictions.

This press release neither constitutes, nor constitutes a part of, an offer or a solicitation of an offer to purchase or subscribe for securities in Maha. Invitation to subscribe for securities in Maha has only been made in accordance with the prospectus published on 31 May 2016 and the supplementary prospectus published on 7 June 2016. Neither the shares and warrants subscribed for nor the new shares have or will be registered in accordance with the Securities Act. Neither the shares and warrants subscribed for nor the new shares may, directly or indirectly, be transferred to or offered for sale in Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where such measure could be subject to legal restrictions or to any person residing in such jurisdictions, or on such person's account, other than in accordance with applicable exemptions that do not require registration in accordance with the Securities Act or similar measures according to applicable laws in other jurisdictions.     

This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. See also section IMPORTANT INFORMATION below.               
                                                                                                    
Maha Energy AB announces the final subscription price and the allotment decision regarding its initial public offering together with an adjusted indicative timetable

Maha Energy AB (the "Company" or "Maha") today announces the outcome of its initial public offering of units in the form of new shares of class A and warrants giving right to subscribe for new shares of class A (the "Offering") in connection with a planned listing on Nasdaq First North Stockholm.

The Offering was carried out in order to broaden the shareholder base and provide working capital, mainly to finance development operations and acquisitions. The subscription price, determined based on a book-building procedure, has now been set to SEK 19 per unit (each unit consisting of four (4) new shares of class A and one (1) warrant giving right to subscribe for one (1) new share of class A). Nothing is to be paid for the warrants and the subscription price per share is thus SEK 4.75.

The board of directors has decided on the following allotment of units in respect of the Offering:

1. 651,172 units corresponding to approximately SEK 12.4 million were subscribed for by and allotted to the general public; 
2. 2,168,311 units corresponding to approximately SEK 41.2 million were subscribed for by and allotted in accordance with subscription pre-commitments; 
3. in the light of the prevailing uncertain market conditions the guarantee consortium has been offered the ability to reduce their respective undertakings in relation to the remaining 5,075,254 units by up to approximately 50%. In exchange for the ability to reduce their respective undertakings (the "Amendment"), the guarantors who choose to sign the Amendment will commit to transfer restrictions (lock-up) in respect of the shares acquired as a result of the guarantee commitments for a period of six (6) months following the first day of trading and the remuneration due to the guarantee consortium under the guarantee agreements will be settled  by the Company by issuing Units to the guarantors instead of making payments in cash; 
4. if all of the Guarantors sign the Amendment, the Offering will result in gross proceeds to the Company of SEK 107,971,223.  The net proceeds of the Offering will be SEK 98,223,006; and  
5. if all of the Guarantors sign the Amendment, the Company will issue 515,378 Units to the guarantee consortium in lieu of cash remuneration

As a result of preliminary discussions the board of directors expects that most, if not all, of the Guarantors will accept the above Amendment. The board of directors, due to market conditions, has decided not to make use of its option to increase the Offering.

Only subscribers who have been allotted units will receive contract notes and the expected settlement date of the Offering is 6th July 2016. The first day of trading in the Company's shares of class A and warrants giving right to subscribe for shares of class A at Nasdaq First North Stockholm is planned to occur on or about 15 July 2016. 

The final gross and net proceeds as well as the final share capital increase and number of new shares as a result of the Offering depends on the extent to which the guarantors sign the Amendment described above. The Company will provide an update in this respect once the extent of the take up of the Amendment is ascertained.              

The Company's CEO Jonas Lindvall comments as follows: "We are very pleased to welcome all our new shareholders and in particular Kvalitena AB, our new cornerstone investor.  This represents a significant milestone for Maha that results in a broadened shareholding base, the capital necessary for rapid growth and liquidity for our shareholders."

Advisers
Stockholm Corporate Finance AB acts as financial adviser and Setterwalls Advokatbyrå AB acts as legal adviser to the Company in connection with the Offering. FNCA Sweden AB has been engaged as Certified Adviser.    
For more information, please contact:          
Jonas Lindvall (CEO)
Tel: +1 403 454 7560        
Email: Jonas@mahaenergy.ca

Or

Ron Pancuk (CEO)
Tel: +1 403 454 7560         
Email: Ron@mahaenergy.ca

Miscellaneous     
This information is published in accordance with the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on 30 June 2016, at 6 p.m CET.

Maha in brief       
Maha Energy AB is a Swedish public limited liability company. The Company's predecessor Maha Energy Inc was founded in 2013 in Calgary, Canada, by Jonas Lindvall and Ron Panchuk. In May 2016, the new group was formed with Maha Energy AB as parent company for purposes of the Offering and the planned listing. Jonas Lindvall, CEO and Managing Director, has 25 years of international experience in the oil and gas industry, starting his career with Lundin Oil during the early days of E&P growth.  After 6 years at Shell and Talisman, Jonas joined, and helped secure the success, of Tethys Oil AB. Maha's strategy is to target and develop underperforming hydrocarbon assets on global basis. The Company will operate two oil-fields, Tartaruga in Brazil (subject to Brazilian Government approvals and closing) and LAK Ranch, in Wyoming, US.       For more information, please visit our website www.mahaenergy.ca.

IMPORTANT INFORMATION
Publication or distribution, directly or indirectly, of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this press release, or part of it, are required to inform themselves of, and comply with, such legal restrictions. This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release could be illegal or subject to legal restrictions. Copies of this press release are not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in violation of such restrictions. Failure to comply with such restrictions may constitute a criminal act under the United States Securities Act of 1933 (as amended) ("Securities Act") or applicable laws in other jurisdictions.

This press release neither constitutes, nor constitutes a part of, an offer or a solicitation of an offer to purchase or subscribe for securities in Maha. Invitation to subscribe for securities in Maha has only been made in accordance with the prospectus published on 31 May 2016 and the supplementary prospectus published on 7 June 2016. Neither the shares and warrants subscribed for nor the new shares have or will be registered in accordance with the Securities Act. Neither the shares and warrants subscribed for nor the new shares may, directly or indirectly, be transferred to or offered for sale in Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where such measure could be subject to legal restrictions or to any person residing in such jurisdictions, or on such person's account, other than in accordance with applicable exemptions that do not require registration in accordance with the Securities Act or similar measures according to applicable laws in other jurisdictions.     

This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release would be illegal. See also section IMPORTANT INFORMATION below.                                                                                                                
Maha Energy's initial public offering of MSEK 150 in connection with planned listing now also available for the general public in Denmark and Norway

As communicated through a press release on 30 May 2016, the board of directors of Maha Energy AB (publ) (the "Company" or "Maha"), has decided on an initial public offering of units in the form of new shares of class A and warrants giving right to subscribe for new shares of class A (the "Offering").

A prospectus as well as a supplementary prospectus have been prepared by the board of directors in connection with the Offering and approved by and registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) on 31 May 2016 and 7 June 2016 respectively. The supplementary prospectus constitutes a part of, and shall be read together with, the prospectus. One of the reasons for preparing a supplementary prospectus was the board of directors' decision to direct the Offering not only to Sweden but also to the general public in Denmark and Norway and that application for acquisition of units may also be made through Nordnet Bank AB which was communicated through a press release on 7 June 2016.

The application period started on 7 June 2016 and ends on 20 June 2016 (general public) and 21 June 2016 (institutional investors) respectively. Since the prospectus and the supplementary prospectus had not yet been passported to Norway or Denmark on 7 June 2016, the application period in these jurisdictions starts today.   

The Offering in brief

• The Offering is directed to the general public in Sweden, Denmark and Norway as well as to institutional investors in Sweden and internationally.
• The Offering comprises units up to an amount of SEK 150 million with an option for the board of directors to increase the Offering with additional units up to an additional amount of SEK 25 million.
• Each unit consists of four (4) new shares of class A and one (1) warrant giving right to subscribe for one (1) new share of class A. 
• The subscription price per unit shall be not less than SEK 19 and not more than SEK 21, corresponding to a subscription price of not less than SEK 4.75 and not more than SEK 5.25 per share. Nothing is to be paid for the warrants.
• The subscription price per share through exercise of warrants shall correspond to 135 percent of the final subscription price for one (1) new share in the Offering.
• Subscription for shares through exercise of warrants will be possible for a period of 18 months from the date of registration of the warrants with the Swedish Companies Registration Office.   

The Offering is conditional upon the Company meeting First North's ownership distribution requirements and that no circumstances arise in which the Offering would be considered inappropriate by the board of directors of the Company. The Offering may thus be cancelled under such circumstances.

Indicative timetable                                                                                         
Application period for the general public in Sweden:                                   7 June – 20 June 2016          
Application period for the general public in Denmark and Norway:               9 June – 20 June 2016          
Book building period for institutional investors:                                          7 June – 21 June 2016          
Announcement of final subscription price:                                                 22 June 2016          
Settlement date:                                                                                     29 June 2016          
First day of trading on Nasdaq First North Stockholm:                               5 July 2016

For complete terms and conditions and other information regarding the Offering, please refer to the prospectus which together with the supplementary prospectus are kept available at the Company's website www.mahaenergy.ca, on Stockholm Corporate Finance's website, www.stockholmcorp.se, on Nordnet's website, www.nordnet.se, on Aqurat's website, www.aqurat.se, and will also be available on the Swedish Financial Supervisory Authority's website, www.fi.se.

Advisers
Stockholm Corporate Finance AB acts as financial adviser and Setterwalls Advokatbyrå AB acts as legal adviser to the Company in connection with the Offering. Nordnet Bank AB acts a Selling Agent. FNCA Sweden AB has been engaged as Certified Adviser.    
For more information, please contact:           
Jonas Lindvall (CEO)
Tel: +1 403 454 7560         
Email: Jonas@mahaenergy.ca

Or

Ron Panchuk       
Tel: +1 403 454 7560         
E-post: ron@mahaenergy.ca

Miscellaneous      
The information above has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 8:30 a.m. on 9 June 2016.

The board of directors of the Company has applied for listing of the Company's shares and warrants at Nasdaq First North Stockholm. For more information, please visit our website www.mahaenergy.ca.

Maha in brief        
Maha Energy AB is a Swedish public limited liability company. The Company's predecessor Maha Energy Inc was founded in 2013 in Calgary, Canada, by Jonas Lindvall and Ron Panchuk. In May 2016, the new group was formed with Maha Energy AB as parent company for purposes of the Offering and the planned listing. Jonas Lindvall, CEO and Managing Director, has 25 years of international experience in the oil and gas industry, starting his career with Lundin Oil during the early days of E&P growth.  After 6 years at Shell and Talisman, Jonas joined, and helped secure the success, of Tethys Oil AB. Maha's strategy is to target and develop underperforming hydrocarbon assets on global basis. The Company will operate two oil-fields, Tartaruga in Brazil (subject to Brazilian Government approvals and Closing) and LAK Ranch, in Wyoming, US.      

IMPORTANT INFORMATION
This document has not been approved by any regulatory authority. The document is a press release and not a prospectus and investors should not subscribe for or purchase securities referred to in this document except on the basis of information contained in the prospectus including the supplementary prospectus that have been approved by the SFSA and are kept available at the Company's website. Distribution of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this, or part of this, are required to inform themselves of, and comply with, such legal restrictions. Information in this press release should not constitute an offer to sell securities, or a solicitation of any offer to purchase securities, nor should any sale of the securities referred to herein be made, in any jurisdiction where such offer, solicitation of any offer to purchase, or sale would require preparing additional prospectus or other offering documents, or would not be lawful without registration or applicable exemptions from registering according to security acts in any such jurisdiction.

This press release neither constitutes, nor constitutes a part of, an offer or a solicitation of an offer to purchase or subscribe for securities in the United States. Securities referred to herein have not been, and will not be, registered in accordance with the American Securities Act of 1933 (as amended) ("Securities Act"), and may not be offered or sold within the United States absent registration in accordance with the Securities Act, or an exemption therefrom. Securities referred to herein are not offered to the general public in the United States. Copies of this press release is not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States or to any other jurisdiction where the distribution respectively the issuance of this press release would be unlawful.