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Market Cap £6.76bn
Enterprise Value £9.28bn
Revenue £2.14bn
Position in Universe 113th / 1831

The first quarterly dividend instalment of the proposed dividend of USD 0.45 per share will amount to SEK 3.89 per share

Fri 26th March, 2021 2:15pm
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Lundin Energy AB (Lundin Energy) announces that the first quarterly instalment
of the proposed dividend of USD 0.45 per share will amount to SEK 3.89 per
share, with a total amount of MSEK 1,106, corresponding to approximately MUSD
128. The proposed dividend, including the first quarterly dividend instalment,
remains subject to approval by the 2021 Annual General Meeting (AGM) that will
be held on 30 March 2021.

Information about the first quarterly instalment of the proposed dividend:

 Amount per share (SEK)  Total dividend amount (MSEK)  Ex-dividend date  Record date   Expected payment date  
 3.89                    1,106                         31 March 2021     1 April 2021  8 April 2021           

The Board of Directors has proposed to the 2021 AGM a dividend for 2020 of USD
1.80 per share, corresponding to MUSD 512 (rounded off), to be paid in
quarterly instalments of USD 0.45 per share, corresponding to MUSD 128
(rounded off).

According to the proposal, before payment, each quarterly dividend instalment
of USD 0.45 per share shall be converted into a SEK amount based on the USD to
SEK exchange rate published by Sweden’s central bank (Riksbanken) four
business days prior to each record date (rounded off to the nearest whole SEK
0.01 per share) and the exchange rate used for the conversion is 8.6473.

The proposed dividend, including the first quarterly dividend instalment,
remains subject to approval by the 2021 AGM. The dividend proposal is
available on

Lundin Energy is an experienced Nordic oil and gas company that explores for,
develops and produces resources economically, efficiently and responsibly. We
focus on value creation for our shareholders and wider stakeholders through
three strategic pillars: Resilience, Sustainability and Growth. Our high
quality, low cost assets mean we are resilient to oil price volatility, and
our organic growth strategy, combined with our sustainable approach and
commitment to decarbonisation, firmly establishes our leadership role in a
lower carbon energy future. (Nasdaq Stockholm: LUNE). For more information,
please visit us at or download our App

For further information, please contact:

 Edward Westropp VP Investor Relations Tel: +41 22 595 10 14  Robert Eriksson Head of Media Communications Tel: +46 701 11 26 15  

Forward-looking statements

Certain statements made and information contained herein constitute
“forward-looking information” (within the meaning of applicable securities
legislation). Such statements and information (together, “forward-looking
statements”) relate to future events, including Lundin Energy’s future
performance, business prospects or opportunities. Forward-looking statements
include, but are not limited to, statements with respect to estimates of
reserves and/or resources, future production levels, future capital
expenditures and their allocation to exploration and development activities,
future drilling and other exploration and development activities. Ultimate
recovery of reserves or resources are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions of management.

All statements other than statements of historical fact may be forward-looking
statements. Statements concerning proven and probable reserves and resource
estimates may also be deemed to constitute forward-looking statements and
reflect conclusions that are based on certain assumptions that the reserves
and resources can be economically exploited. Any statements that express or
involve discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or performance (often,
but not always, using words or phrases such as “seek”, “anticipate”,
“plan”, “continue”, “estimate”, “expect”, “may”,
“will”, “project”, “predict”, “potential”, “targeting”,
“intend”, “could”, “might”, “should”, “believe” and
similar expressions) are not statements of historical fact and may be
“forward-looking statements”. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause actual results
or events to differ materially from those anticipated in such forward-looking
statements. No assurance can be given that these expectations and assumptions
will prove to be correct and such forward-looking statements should not be
relied upon. These statements speak only as on the date of the information and
Lundin Energy does not intend, and does not assume any obligation, to update
these forward-looking statements, except as required by applicable laws. These
forward-looking statements involve risks and uncertainties relating to, among
other things, operational risks (including exploration and development risks),
productions costs, availability of drilling equipment, reliance on key
personnel, reserve estimates, health, safety and environmental issues, legal
risks and regulatory changes, competition, geopolitical risk, and financial
risks. These risks and uncertainties are described in more detail under the
heading “Risk management” and elsewhere in Lundin Energy’s Annual
Report. Readers are cautioned that the foregoing list of risk factors should
not be construed as exhaustive. Actual results may differ materially from
those expressed or implied by such forward-looking statements. Forward-looking
statements are expressly qualified by this cautionary statement.

*     Lundin Energy - Proposed dividend SEK amount - V5 - 20210326en
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