Notice of extraordinary general meeting

New Brazil Holding ASA ("NBH" ticker code OSE) is pleased to invite the

shareholder in the Company to attend an Extraordinary General Meeting

(EGM) scheduled to be held on April 26, 2010 at 15:00 Oslo time at the

offices of Wiersholm law firm in Ruseløkkveien 26, Oslo, Norway.

On the agenda for the EGM is:

1. Opening of the general meeting by the chairman of the board

2. Presentation of list of attending shareholders and proxies

3. Election of chairperson and person to co-sign the minutes

4. Approval of notice and agenda

5. Approval of merger plan with Pan-Petroleum Holding AS

6. Capital increase (private placement)

7. Amendments to the articles of association

Please find enclosed notice of EGM, proposed resolutions, merger plan

with attachments and registration/proxy form.

Please also find enclosed addendum to the demerger plan approved by the

EGM in NBH ASA held January 30, 2010.

For further information please contact:

Anders Kapstad

Tel: +47 918 17 442

Jonas Gamre, Investor Relations

Cell: +47 971 18 292

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