Meren Energy Inc.

Declaration of Voting Results & Voting Rights Announcements • Mar 1, 2024

Africa Oil Share Capital and Voting Rights Update

VANCOUVER, BC, Feb. 29, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("Africa Oil", or the "Company") reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act.

As a result of the cancellation of shares repurchased by Africa Oil under the Company's previously announced share repurchase program, Africa Oil now has 459,893,024 common shares issued and outstanding with voting rights as at February 28, 2024.

Additional Information

This information is information that Africa Oil is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out above, at 7:00 p.m. ET on February 29, 2024.

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For further information, please contact:

Shahin Amini IR and Commercial Manager shahin.amini@africaoilcorp.com T: +44 (0)20 8017 1511

About Africa Oil

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria and an exploration/appraisal portfolio in west and south of Africa, as well as Guyana. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol "AOI".