Misen Energy AB (publ) announced intentions to step down, Mr. Tore I. Sandvold, Chairman of the Board of Directors has submitted to the Board his formal resignation. Mr. Sergiy Petukhov submitted his resignation as well. Both resignations are effective as of November 27, 2014.

The board elected Dr. Andrius Smaliukas as the Chairman of the Board of Directors to serve until the next annual general meeting of shareholders. Both resigning members are also resigning from the Remuneration and Audit committees respectively. Smaliukas has been serving as the Board Member of Misen Energy AB (publ) since 2013.