PetroNor E&P ASA

AGM Information • Dec 21, 2015

OAX / NSX Announcement 21 December 2015

Results of General Meeting

In accordance with NSX Listing Rules and section 251AA of the Corporations Act, African Petroleum Corporation Limited (OAX: APCL / NSX: AOQ) (African Petroleum or Company) advises that the resolutions put at the General Meeting of the Company held on 21 December 2015 were passed on a show of hands. Details of proxies received in respect of each resolution are set out below:

Resolution 1 - De-list from the National Stock Exchange of Australia

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

For	Against	Abstain	Proxy's Discretion
57,949,195	10,540	-	294,186

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

Resolution 2 – Election of Director – George Jens Pace

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

For	Against	Abstain	Proxy's Discretion
57,838,974	10,349	110,412	294,186

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

Resolution 3 – Election of Director – Stephen Paul West

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

For	Against	Abstain	Proxy's Discretion
56,364,090	1,592,845	2,800	294,186

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

Resolution 4 – Approval to issue Director Options – Charles Matthews

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

For	Against	Abstain	Proxy's Discretion
48,554,081	7,007,487	2,394,000	2

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

Resolution 5 – Approval to issue Director Options – Anthony Wilson

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

For	Against	Abstain	Proxy's Discretion
48,554,081	7,007,487	2,394,000	2

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

Resolution 6 – Approval to issue Director Options – Anders Bjarne Moe

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

For	Against	Abstain	Proxy's Discretion
48,446,803	7,007,153	2,501,612	2

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

Resolution 7 – Approval to issue Director Options – George Jens Pace

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

For	Against	Abstain	Proxy's Discretion
53,708,369	1,745,987	2,501,212	2

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

Resolution 8 – Approval to issue Director Options – Stephen Paul West

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

For	Against	Abstain	Proxy's Discretion
53,815,981	1,745,987	2,393,600	2

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

END

For further information, please contact:

Jens Pace, Chief Executive Officer Stephen West, Chief Financial Officer Tel: +44 20 3761 6900

Angeline Hicks, Company Secretary Tel: + 61 401 489 883