PetroNor E&P ASA

Report Publication Announcement • May 29, 2014

APPROVED FINANCIAL CALENDAR

APPROVED FINANCIAL CALENDAR

29 May 2014 - Please be informed that the Board of Directors of

African Petroleum Corporation Limited ("African Petroleum

Corporation" or the "Company") has approved the following financial

calendar for 2014:

30 May 2014 - Annual General Meeting

30 May 2014 - release of the report for the quarter ending 31 March

2014

29 August 2014 - release of the report for the quarter ending 30 June

2014 and the half year report

28 November 2014 - release of the report for the quarter ending 30

September 2014

Please be advised that the dates may be subject to change.

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

Claire Tolcon

Company Secretary

Tel: + 61 8 9388 0744

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 Limited

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. The Company emphasises that although

the well encountered hydrocarbon columns supported by pressure

and sample data, the accumulation does not qualify as reserves or

contingent resources under the Petroleum Resources Classification

Framework. Further appraisal data is required to book contingent

resources.

For more information about African Petroleum Corporation, please see

www.africanpetroleum.com.au