PetroNor E&P ASA

Declaration of Voting Results & Voting Rights Announcements • Apr 24, 2019

24 April 2019

African Petroleum Corporation Limited ("African Petroleum" or the "Company")

Results of General Meeting

In accordance with section 251AA of the Corporations Act, African Petroleum advises that all resolutions put forward at the General Meeting of the Company held on 24 April 2019 were passed on a show of hands.

Details of proxies received in respect of each resolution are set out in the attached proxy summary.

This announcement is subject to disclosure pursuant to section 5-12 of the Norwegian Securities Trading Act.

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For further information, please contact:

Jens Pace, Chief Executive Officer Stephen West, Chief Financial Officer Tel: +44 20 3655 7810

Angeline Hicks, Company Secretary Tel: + 61 401 489 883

AFRICAN PETROLEUM CORPORATION PROXY RESULTS GENERAL MEETING 24 APRIL 2019

RESOLUTION 1 – APPROVAL OF ISSUE OF CONSIDERATION SHARES AND WARRANTS, AND SUBSEQUENT SHARES UPON EXERCISE OF WARRANTS, TO NOR ENERGY AND PETROMAL

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's Discretion
10,136,520	2,197,636	137,933	48

The motion was carried as an ordinary resolution on a show of hands.

RESOLUTION 2 – APPROVAL OF ISSUE OF COMPANY WARRANTS AND REPLACEMENT WARRANTS TO EXISTING SHAREHOLDERS OF THE COMPANY

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's Discretion
10,142,485	2,191,712	137,892	48

The motion was carried as an ordinary resolution on a show of hands.

RESOLUTION 3 – APPROVAL FOR THE COMPANY TO ACQUIRE RELEVANT INTEREST IN ITS OWN SHARES AS A RESULT OF ENTERING INTO LOCK-UP ARRANGEMENTS

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's Discretion
7,259,586	2,197,879	1,515,686	48

The motion was carried as an ordinary resolution on a show of hands.

RESOLUTION 4 – ELECTION OF NOMINEE DIRECTOR (CHAIRMAN) – EYAS ALHOMOUZ

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's Discretion
10,028,333	2,297,864	145,892	48

The motion was carried as an ordinary resolution on a show of hands.

RESOLUTION 5 – ELECTION OF NOMINEE DIRECTOR – KNUT SØVOLD

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's Discretion
10,070,954	2,197,530	203,065	48

The motion was carried as an ordinary resolution on a show of hands.

RESOLUTION 6 – ELECTION OF NOMINEE DIRECTOR – JOSEPH ISKANDER

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's Discretion
9,970,620	2,297,864	203,605	48

The motion was carried as an ordinary resolution on a show of hands.

RESOLUTION 7 – CHANGE THE NAME OF THE COMPANY TO PETRONOR E&P LIMITED

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's Discretion
10,095,526	2,298,742	77,821	48

The motion was carried as a special resolution on a show of hands.