PetroNor E&P ASA

Report Publication Announcement • Apr 29, 2016

AUDITED ANNUAL FINANCIAL REPORT - 31 DECEMBER 2015

AUDITED ANNUAL FINANCIAL REPORT - 31 DECEMBER 2015

African Petroleum Corporation, an independent oil and

gas exploration company holding ten licences in five

countries offshore West Africa, today releases its

Audited Annual Financial Report for the year ended 31

December 2015.

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

Media Contacts:

For UK and International media - Buchanan

Ben Romney/Helen Chan

Tel: +44 207 466 5000

For Norwegian media - First House

Geir Arne Drangeid

Tel: +47 913 10 458