MPF Defers Oslo Bors Listing Application

MPF Corp.

With reference to the press release on November 1, 2006, MPF Corp. Ltd. (MPF) has decided to defer the current application for listing on the Oslo Bors (Oslo Stock Exchange). MPF now expects that the listing application will be considered by the Board of Oslo Bors during the 1st quarter of 2007.

The decision to defer the pending application was made after discussion between the company, its advisers and the Oslo Bors Administration following the Administration's suggestion that MPF delayed its potential listing. MPF is seeking exemption from the requirement of three years of operating history.

The delay in listing will not affect the company's strategy and the construction process and marketing activities are proceeding according to plan.