PetroNor E&P ASA

Director's Dealing • Sep 22, 2014

MANDATORY NOTIFICATION OF TRADE

MANDATORY NOTIFICATION OF TRADE

22 September 2014 - Dr David King, Non-Executive

Director and Primary Insider of African Petroleum

Corporation Limited ("African Petroleum Corporation"

or the "Company"), through his private company

Seistend Pty Ltd, has on 19 September 2014 acquired

150,000 shares in the Company at an average price of

NOK 0.7524 per share. The trade was carried out over

the trading platform of Oslo Axess.

Following this transaction, Dr David King's total

shareholding in African Petroleum Corporation is

300,000 shares, all of which are owned through

Seistend Pty Ltd.

This information is subject to the disclosure

requirements pursuant to section 5-12 of the Norwegian

Securities Trading Act.

For further information, please contact:

Stuart Lake, Chief Executive Officer

Stephen West, Finance Director

Tel: +44 20 3435 7700

Angeline Hicks, Company Secretary

Tel: + 61 401 489 883

Media Contacts:

For UK and International media:

Mark Antelme/Charlie Stewart, Bell Pottinger

Tel: +44 207 861 3800

For Norwegian media:

Geir Arne Drangeid, First House

Tel: +47 913 10 458

Geir Gjervan, First House

Tel: +47 908 79 108