PetroNor E&P ASA

AGM Information • Mar 16, 2015

NSX Announcement 16 March 2015

Results of 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 General Meeting of the Company held on 16 March 2015 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 3761 6900

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

AFRICAN PETROLEUM CORPORATION PROXY RESULTS GENERAL MEETING Monday 16 March 2015

1. 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
448,647,260	211,127	nil	815,761

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

2 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
448,647,260	211,127	nil	815,761

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

3 Re-appointment of Director – Anders Bjarne Moe

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

For	Against	Abstain	Proxy's Discretion
448,459,663	203,123	195,300	816,062

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

4 Approval to issue 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
432,853,154	15,809,933	195,300	815,761

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

5 Approval to issue replacement Options – Dr Stuart Lake

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

For	Against	Abstain	Proxy's Discretion
432,853,233	15,809,854	195,300	815,761

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

6 Approval to issue replacement Options – Charles Matthews

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

For	Against	Abstain	Proxy's Discretion
427,353,233	15,809,854	5,695,300	815,761

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

7 Approval to issue replacement Options – Mark Ashurst

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

For	Against	Abstain	Proxy's Discretion
432,849,899	15,809,874	195,300	819,075

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

8 Approval to issue replacement Options – Gibril Bangura

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

For	Against	Abstain	Proxy's Discretion
432,853,233	15,809,874	195,300	815,741

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

9 Approval to issue replacement Options – Jeffrey Couch

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

For	Against	Abstain	Proxy's Discretion
432,853,233	15,809,465	195,300	816,150

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

10 Approval to issue replacement Options – Anthony Wilson

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

For	Against	Abstain	Proxy's Discretion
432,849,899	15,809,874	195,300	819,075

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

11 Approval to issue Shares – Dr Stuart Lake

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

For	Against	Abstain	Proxy's Discretion
432,853,154	15,809,953	195,300	815,741

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

12 Approval to issue Shares & Options – Dr Stuart Lake

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

For	Against	Abstain	Proxy's Discretion
448,119,718	543,389	195,300	815,741

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