PetroNor E&P ASA

Share Issue/Capital Change • May 3, 2017

KEY DATES ANNOUNCEMENT - REPAIR OFFERING

KEY DATES ANNOUNCEMENT - REPAIR OFFERING

Reference is made to the announcement by African Petroleum

Corporation Limited ("African Petroleum Corporation" or

the "Company") on 3 May 2017 at 8.01 CET regarding the

allocation of the Private Placement.

The key dates and information relating to the subsequent

repair offering are as follows:

2 May 2017: Last day (inclusive)

3 May 2017: Announcement date

3 May 2017: Ex-date

3 May 2017: Date of approval

4 May 2017: Record date

Maximum number of new shares: 5,550,000

Subscription price: NOK 7.75 per share

For further information, please contact:

Jens Pace, Chief Executive Officer

Stephen West, Chief Financial Officer

Tel: +44 20 3655 7810

Manager for the Repair Offering:

Pareto Securities AS

Davide Finelli

Tel: +44 20 7786 4398

Media Contacts:

Buchanan

Ben Romney/Chris Judd

Tel: +44 207 466 5000

About African Petroleum Corporation

African Petroleum is an independent oil and gas exploration

company with an equity interest in eight licences in four

countries offshore West Africa (Senegal, the Gambia, Cote

d'Ivoire and Sierra Leone). The Company's assets are located

in proven hydrocarbon basins in the West African Transform

Margin and the Atlantic Margin, where several discoveries

have been made in recent years. The Company is working with

its partner Ophir Energy (operator) on the CI-513 licence in

Côte d'Ivoire to drill an exploration well in May 2017.

For more information about African Petroleum, please see

www.africanpetroleum.com.au

This information is subject to disclosure requirements

pursuant to section 5-12 of the Norwegian Securities Trading

Act.