PetroNor E&P ASA

Major Shareholding Notification • May 16, 2017

The Capital Group Companies - Disclosure of acquisition/disposition of large shareholdings -African Petroleum Corporation Limited

The Capital Group Companies - Disclosure of acquisition/disposition of large shareholdings -African Petroleum Corporation Limited

The Capital Group Companies, Inc. ("CGC") is the parent

company of Capital Research and Management Company

("CRMC"). CRMC is a U.S.-based investment management

company that manages the American Funds family of mutual

funds. CRMC manages equity assets for various investment

companies through three divisions, Capital Research Global

Investors, Capital International Investors, and Capital

World Investors. CRMC in turn is the parent company of

Capital Group International, Inc. ("CGII"), which in turn is

the parent company of five investment management companies

("CGII management companies"): Capital Guardian Trust

Company, Capital International, Inc., Capital International

Limited, Capital International Sárl and Capital

International K.K. The CGII management companies primarily

serve as investment managers to institutional clients. For

a more complete description of our organization, please

refer to our web site at www.capgroup.com.

Neither CGC nor any of its affiliates own shares of your

company for its own account. Rather, the shares reported on

this Notification are owned by accounts under the

discretionary investment management of one or more of the

investment management companies described above.

Pursuant to the Norwegian Securities Trading Act Section 3-2

and Regulations of 18 December 2002, we hereby disclose the

following information.

On 12 May 2017, the outstanding shares of the issuer

increased. Please note CGC's management companies did not

dispose of shares. The aggregate holdings of CGC's

management companies are 6,118,812 shares, amounting to

4.05% of the outstanding shares. Please see the attached

schedule A.

Capital Research and Management Company 6,118,812 4.05%

Capital Guardian Trust Company 0 0.00%

Capital International, Inc. 0 0.00%

Capital International Limited 0 0.00%

Capital International Sàrl 0 0.00%

Capital International K.K. 0 0.00%

CGC Total 6,118,812 shares / 4.05%

For the purpose of this Report, the total voting rights

figure of 151,174,204 shares was used to calculate the

percentage of holdings. We believe this figure is current;

however, if this number is not accurate, please contact us

as soon as possible so we may make the necessary revisions.

Should you have questions or require additional information,

please contact us at (213) 615-0469, or send a fax message

to (213) 615-4056. Alternatively, you may contact us via e-

mail at GRGroup@capgroup.com.