PetroNor E&P ASA

Registration Form • Sep 11, 2019

11 September 2019

African Petroleum Corporation Limited ("African Petroleum" or the "Company")

Change of Name and New OSE Ticker

Reference is made to the announcement released by African Petroleum (OSE ticker: APCL) on 30 August 2019, regarding completion of the agreement to combine with PetroNor E&P Ltd ("PetroNor") against the issuance of approximately 816 million consideration shares in African Petroleum (the "Transaction"). The name change to PetroNor E&P Limited has now been registered. The Company will trade under the new name PetroNor E&P Limited and with new ticker "PNOR" from tomorrow, 12 September 2019. The ISIN will not change as a result of the name change.

This announcement is subject to disclosure pursuant to section 5-12 of the Norwegian Securities Trading Act.

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For further information, please contact: Jens Pace, Chief Executive Officer Stephen West, Chief Financial Officer Tel: +44 20 3655 7810

Media Contacts: Buchanan Ben Romney/Chris Judd Tel: +44 207 466 5000