Annual Report 2009

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CORPORATE RESPONSIBILITY Community development projects are elaborated as part of Lundin Petroleum’s and/or operating partners’ licence commitments in economically challenged areas; they are part and parcel of the operations and are done on a scale that reflects the extent and nature of the operational activities. Corporate donations take place in areas where Lundin Petroleum has limited interface with local communities, either by virtue of the fact that its operations are offshore or because they are partner-operated. In both cases, the philosophy driving the selection of projects is to build local capacity for self-sufficiency. As a result, save where there are acute humanitarian problems requiring immediate relief, Lundin Petroleum seeks to invest for a sustainable future by funding educational and vocational projects. In the sustainable initiatives below, there is an overview of some of the projects undertaken or supported by Lundin Petroleum in 2009 which throw further light on the Company’s Corporate Responsibility approach in the various environments in which it is active. Corporate Donations In addition to the instances explained above, corporate donations are also made in response to projects it identifies as promoting values the Company wishes to support. These can take place in any of the areas where it has a presence or interests. The Corporate Donations programme involves making monetary or in-kind contributions to individuals, groups or projects which enhance the welfare of particularly disadvantaged people, contribute to the better understanding of the oil and gas sector, or promote positive values. The main selection criteria are relevance and materiality, which means that a project must be in an area or field Lundin Petroleum has an interest in, and the contribution must have a material effect on the project. FRANCE SUDAN » The Company has developed a geothermal project and is actively promoting among the authorities and local entrepreneurs, for the use of geo-thermal energy which can be produced from the hot water basins discovered through injection wells. INDONESIA » In Block 5B a full Community Development Programme was in place during the operations, consisting in the provision of medical, veterinarian and educational support to various communities, as well as the construction of community centers in both Ayod and Wan Machar. In addition a road was built to facilitate access of the local population from remote areas to populated centers. » Lundin Petroleum fully financed the building of a Training Center at the University of Juba, in South Sudan; this is the first construction project for the University since the Government of South Sudan was established in 2005, pursuant to the Peace Agreement. The main hall in the building can accommodate up to 250 students. » The Company continued its support of the home for Street Children in Khartoum Sudan, to the end of the year, having secured, now that the company has ceased activities in that country, the continued support of the home from the Lundin for Africa Foundation. TUNISIA » The Company continued its support of SOS Children’s Village Cibubur, initiated in 2006 and contributed additional funds towards the construction of a new multipurpose building. NORWAY » The Company continued its sponsorship of the development of ArcticWeb, a geoportal for offshore arctic areas, giving immediate access to environmental design basis data. » As part of a geological R&D project on core sampling analysis of the Barents Sea, Lundin Norway funds a research project carried by two PhDs from GeoForschungZentrum, in Potsdam, Germany. When completed, in 2012, the research project will be put in the public domain. » Lundin Petroleum contributed to Save the Children Norway due to its programmes in Darfur. RUSSIA » Lundin Tunisia contributed, as in previous years to the running costs of the SOS Children Village in Gammarth. UNITED KINGDOM Lundin Britain contributed to: » Solstice Nurseries, an environmental charity providing practical support to adults with learning difficulties. » Transition Extreme, a purpose-built centre providing a safe ‘sports and social’ environment for local children. » Tullos Primary, where employees of Lundin Britain actively support the school and its pupils through a number of ventures such as talks and discussions, sports activities and environmental projects. VIETNAM » The Company continued to sponsor the major programme initiated by the local organisation KaspNirh that aims to replenish fish stock in the Volga-Caspian basin, through the artificial breeding and release of sturgeon fry in natural waters. A total of 17,500 juveniles were released under this programme in 2009. » The Company initiated a project for the release of juvenile Siberian Cranes obtained from the Oksky Reserve in the Astrakhan Biosphere Reserve, with the expectation that this exceptional breed will develop in that region. » Lundin Petroleum facilitated the exhibition of Ivan the Terrible’s helmet, from Stockholm’s Royal Armoury’s collection in the Moscow and Astrakhan Kremlin museums. » Lundin Petroleum continued its support of the Go Vap SOS Children Village near Hoh Chi Minh. » Pearl Energy selected homebuilding projects in the Mekong Delta project to which the Company contributed, as member of the partnership. 29 GOVERNANCE

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