Under these sections, the operational and financial risks, presented in the Annual Report 2015, are described. Sometimes there there are references to specific notes in the annual report for more detailed analysises.

Operational risks

Crown Energy’s operations are subject to all of the risks and uncertainties with which businesses focused on exploration and the acquisition,
development, production, and sale of oil and gas are associated. Even with a combination of experience, knowledge, and careful evaluation,
these risks cannot be completely avoided.

Financial risks

Crown Energy is exposed to various financial risks in its operations. The Company’s overall risk management policy focuses on the unpredictability
of financial markets and seeks to minimise potential adverse effects on performance and liquidity due to financial risks.

Crown Energy AB (publ)

Brahegatan 30, SE-114 37 Stockholm

Phone+46 8 400 207 20

Fax+46 8 400 207 25

Emailinfo@crownenergy.se

Organisationsnummer556804-8598