PetroNor E&P ASA

Board/Management Information • Jul 18, 2014

BOARD RESTRUCTURE

BOARD RESTRUCTURE

18 July 2014 - African Petroleum Corporation Limited ("African

Petroleum Corporation" or the "Company") announces that Non-

Executive Director Mr James Smith has tendered his resignation from

the Board of Directors, taking effect from 1 August 2014. Mr Smith's

decision to leave the Board of African Petroleum Corporation will allow

him to focus his attention more fully on other business opportunities

he is involved in.

The Company further announces that Mr Mark Ashurst is assuming

the position of Non-Executive Director of the Board, stepping down

from his role as Executive Director.

Charles Matthews, Chairman of the Board, commented: "I would like

to thank James Smith for his contribution over the past four years as a

Director, and more recently for helping lay the foundations for the

next phase of growth and development for the business. We wish him

every success in the future.

Mark Ashurst's continued involvement in African Petroleum

Corporation is a great asset to the Company; Mark has been and will

continue to be a key member of the Board.

After achieving a number of significant milestones in the first half of

2014, African Petroleum Corporation is in a good position to continue

its growth and development in line with its revised strategy

announced in February 2014."

The Company will continue its activities with a highly respected and

experienced Board of Directors:

Charles Matthews, OBE Chairman

Stuart Lake Chief Executive Officer and Executive Director

Mark Ashurst Non-Executive Director

Gibril Bangura Non-Executive Director

Jeffrey Couch Non-Executive Director

David King Non-Executive Director

Bjarne Moe Non-Executive Director

Timothy Turner Non-Executive Director

Anthony Wilson Non-Executive Director

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

About African Petroleum Corporation

African Petroleum Corporation is a dynamic, independent oil and gas

exploration company operating eight licences in four countries

offshore West Africa. The Company's assets are located in fast-

emerging hydrocarbon basins, principally the West African Transform

Margin, where several discoveries have been made in recent years,

including African Petroleum Corporation's Narina-1 discovery in

February 2012, which proved a working hydrocarbon system in the

Liberian basin. With a combined net acreage position of 28,295km2

through its licences in Côte d'Ivoire, Liberia, Senegal and Sierra Leone,

the Company has matured its portfolio rapidly, acquiring more than

15,000km2 of 3D seismic data and successfully drilling three wells,

one of which was the first hydrocarbons discovery in the offshore

Liberian deep-water basin.

For more information about African Petroleum Corporation, please see

www.africanpetroleum.com.au

This information is subject to disclosure requirements pursuant to

section 5-12 of the Norwegian Securities Trading Act.