PetroNor E&P ASA

Board/Management Information • May 23, 2016

CHANGE OF NON-EXECUTIVE CHAIRMAN

CHANGE OF NON-EXECUTIVE CHAIRMAN

The Board of African Petroleum Corporation Limited

("African Petroleum" or the "Company") announces that

Mr Charles Matthews, Non-Executive Chairman, is

retiring as Chairman and Non-Executive Director

effective from today in order to pursue other business

interests. Dr David King, currently serving as a Non-

Executive Director of the Company since July 2013, will

assume the position of Non-Executive Chairman,

effective from the retirement of Mr Matthews.

Dr King is a professional geoscientist and has over 35

years of experience in oil and gas and other natural

resources industries. He holds an MSc in Geophysics

from Imperial College, London, and a PhD in Seismology

from the Australian National University, Canberra.

After an early career in research/academia, including 2

years as Research Fellow at the Norwegian Seismic Array

facility at Kjeller, he has worked in oil and gas

exploration in a wide range of countries.

Dr King has co-founded, as well as held executive and

non-executive board positions with, a number of

successful ASX listed oil and gas exploration

companies, including Eastern Star Gas Limited, Gas2Grid

Limited and Sapex Limited. He has also served as

Managing Director of ASX listed gold producer North

Flinders Mines, CEO of oil & gas producers Beach

Petroleum and Claremont Petroleum, and Chairman of

Robust Resources Ltd. Dr King is currently Non-

Executive Chairman of two ASX listed companies: oil and

gas exploration company Galilee Energy Limited, and

biotechnology research and development company, Cellmid

Limited.

Dr King is a Fellow at the Australian Institute of

Company Directors, the Australian Institute of

Geoscientists, and Australasian Institute of Mining &

Metallurgy.

African Petroleum will continue its activities with a

highly experienced and dedicated Board of Directors,

which is further streamlined to reflect the size of the

Company and the current challenging market conditions.

Following the changes announced today, the Board is

comprised of six Directors:

Dr David King, Non-Executive Chairman

Jens Pace, Chief Executive Officer and Executive

Director

Stephen West, Chief Financial Officer and Executive

Director

Bjarne Moe, Non-Executive Director

Timothy Turner, Non-Executive Director

Anthony Wilson, Non-Executive Director

Commenting on today's announcement, Jens Pace, CEO of

African Petroleum said:

"On behalf of the Board I would like to thank Charles

Matthews for his significant contribution to the

Company since joining the Board in October 2013 and

wish him every success with his other business

interests. We are very pleased that David King has

agreed to assume the position of Chairman and we look

forward to working with him and utilising his extensive

industry leadership experience. As previously

announced, the Board is fully focussed on reducing

costs whilst also ensuring we have in place an

effective and efficient management team and Board

capable of successfully executing our growth plans."

Commenting on today's announcement, Dr David King, Non-

Executive Chairman of African Petroleum said:

"I am pleased to be assuming the role of Non-Executive

Chairman. We wish Charles well and thank him for his

stewardship of the Company through its listing on Oslo

Axess and achievements thereafter. African Petroleum is

at an exciting juncture as we look to replicate the

successful farm-out transaction we recently finalised

with Ophir Energy across the rest of our diverse

portfolio, and move our focus back to operational

activity."

For further information, please contact:

Jens Pace, Chief Executive Officer

Stephen West, Chief Financial Officer

Tel: +44 20 3655 7810

Angeline Hicks, Company Secretary

Tel: + 61 401 489 883

Media Contacts:

For UK and International media - Buchanan

Ben Romney/Helen Chan

Tel: +44 207 466 5000

For Norwegian media - First House

Geir Arne Drangeid

Tel: +47 913 10 458

About African Petroleum

African Petroleum is an independent oil and gas

exploration company with an equity interest in ten

licences in five countries offshore West Africa. The

Company's assets are located in proven hydrocarbon

basins in the West African Transform Margin and the

Atlantic Margin, where several discoveries have been

made in recent years. With a combined net acreage

position of 27,797km2 through its licences in Côte

d'Ivoire, Liberia, Senegal, Sierra Leone and The

Gambia, the Company has matured its portfolio

through the acquisition of more than 18,500km2 of

3D seismic data and successfully drilling three deep-

water wells, one of which was the first hydrocarbons

discovery in the offshore Liberian - Sierra Leone Basin.

For more information about African Petroleum, please

see www.africanpetroleum.com.au