PetroNor E&P ASA

AGM Information • May 30, 2014

NSX Announcement 30 May 2014

Results of Annual General Meeting

In accordance with NSX Listing Rules and section 251AA of the Corporations Act, African Petroleum Corporation Limited (NSX: AOQ) (African Petroleum or Company) advises that all resolutions put at the Annual General Meeting of the Company held on 30 May 2014 were passed on a show of hands. Details of proxies received in respect of each resolution are set out in the attached proxy summary.

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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

AFRICAN PETROLEUM CORPORATION LIMITED Proxy Summary ANNUAL GENERAL MEETING

1) ADOPTION OF REMUNERATION REPORT

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's discretion
219,880,283	34,064,690	410,741	2,082

carriedThe motion was carried as an ordinary resolution on a show of hands.

2) RE-ELECTION OF DIRECTOR - TIMOTHY TURNER

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's discretion
496,640,786	105,347	41,819	1,335

carriedThe motion was carried as an ordinary resolution on a show of hands.

3) RE-ELECTION OF DIRECTOR - JAMES SMITH

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's discretion
494,169,339	2,618,461	152	1,335

carriedThe motion was carried as an ordinary resolution on a show of hands.

4) RE-ELECTION OF DIRECTOR - ANTHONY WILSON

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's discretion
496,685,574	102,013	152	1,548

carriedThe motion was carried as an ordinary resolution on a show of hands.

5) APPROVAL TO ISSUE OPTIONS - MARK ASHURST

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's discretion
219,637,140	34,303,802	415,519	1,335

carriedThe motion was carried as a special resolution on a show of hands.

6) APPROVAL TO ISSUE OPTIONS - GIBRIL BANGURA

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's discretion
219,637,140	34,303,802	415,519	1,335

carriedThe motion was carried as a special resolution on a show of hands.

7) APPROVAL TO ISSUE OPTIONS - JEFFREY COUCH

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's discretion
219,637,140	34,303,802	415,519	1,335

carriedThe motion was carried as a special resolution on a show of hands.

8) APPROVAL TO ISSUE OPTIONS - JAMES SMITH

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's discretion
227,384,836	26,556,106	415,519	1,335

carriedThe motion was carried as a special resolution on a show of hands.

9) APPROVAL TO ISSUE OPTIONS - ANTHONY WILSON

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's discretion
219,485,905	34,307,126	415,519	149,246

carriedThe motion was carried as a special resolution on a show of hands.

10) APPROVAL TO ISSUE OPTIONS

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's discretion
219,829,650	34,111,282	415,519	1,345

carriedThe motion was carried as an ordinary resolution on a show of hands.

11) APPROVAL TO ISSUE SHARES

The instructions given to validly appointed proxies in respect of the resolution were as follows:

For	Against	Abstain	Proxy's discretion
219,676,454	34,264,478	415,519	1,345

carriedThe motion was carried as a special resolution on a show of hands.