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Article

9 Apr 2013

Author:
Lundin Petroleum Board of Directors

[PDF] Lundin Petroleum AB Board of Directors' recommendations regarding shareholder proposal of Mr. Egbert Wesselink

Lundin Petroleum is fully committed to respect internationally recognised human rights, not to infringe on individuals’ human rights, and not to be complicit nor contribute indirectly to human rights abuses...The Shareholder Proposal is broad, vague and uncertain, and focuses on past events, referring to accusations of complicity in international crimes during the Company’s and its predecessor companies’ past operations in Sudan. Mr. Wesselink is directly affiliated with the European Coalition on Oil in Sudan (ECOS), the principal organisation that has authored those accusations. Therefore, in the Board’s opinion, it is clear that Mr. Wesselink has not brought the Shareholder Proposal to enhance or protect shareholder value, or to deal with damage to the Company’s reputation, credibility or its growth potential, as stated in the Shareholder Proposal. The Shareholder Proposal has instead been brought as a part of the misguided campaign by ECOS and Mr. Wesselink against the Company...The board recommends that Lundin Petroleum shareholders vote against this shareholder proposal at the Lundin Petroleum AB AGM on 8 May 2013...