Petrojack Bond Issue Fully Subscribed

Petrojack Says both bond loans are fully subscribed. The board of Directors of Petrojack ASA is pleased with the response. The two bond issues, US $200 million and NOK500 million respectively, have been placed to both Norwegian and international institutional investors of high quality. In addition to financing of Petojack's fourth jackup, proceeds from the bond loans will also finance payments under the construction contract of Petrojack II.

Pareto Securities ASA has acted as manager for both bond loans.