PetroNor E&P ASA

Report Publication Announcement • May 29, 2014

29 May 2014

Oslo Axess Announcement

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

APPROVED FINANCIAL CALENDAR

Please be informed that the Board of Directors of African Petroleum Corporation has approved the following financial calendar for 2014:

30 May 2014 – Annual General Meeting 30 May 2014 – release of the report for the quarter ending 31 March 2014 29 August 2014 – release of the report for the quarter ending 30 June 2014 and the half year report 28 November 2014 – release of the report for the quarter ending 30 September 2014

Please be advised that the dates may be subject to change.

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

For further information, please contact:

Stuart Lake, Chief Executive Officer	Media Contacts:
Stephen West, Finance Director	For UK and International media:
Tel: +44 20 3435 7700	Mark Antelme/Charlie Stewart, Bell Pottinger
	Tel: +44 207 861 3800
Claire Tolcon	For Norwegian media:
Company Secretary	Geir Arne Drangeid, First House
Tel: + 61 8 9388 0744	Tel: +47 913 10 458
	Geir Gjervan, First House
	Tel: +47 908 79 108

About African Petroleum Corporation Limited

African Petroleum Corporation is a dynamic, independent oil and gas exploration company operating eight licences in four countries offshore West Africa. The Company's assets are located in fastemerging hydrocarbon basins, principally the West African Transform Margin, where several discoveries have been made in recent years, including African Petroleum Corporation's Narina-1 discovery in February 2012, which proved a working hydrocarbon system in the Liberian basin. With a combined net acreage position of 28,295km² through its licences in Côte d'Ivoire, Liberia, Senegal and Sierra Leone, the Company has matured its portfolio rapidly, acquiring more than 15,000km² of 3D seismic data and successfully drilling three wells, one of which was the first hydrocarbons discovery in the offshore Liberian deep-water basin. The Company emphasises that although the well encountered hydrocarbon columns supported by pressure and sample data, the accumulation does not

qualify as reserves or contingent resources under the Petroleum Resources Classification Framework. Further appraisal data is required to book contingent resources.

For more information about African Petroleum Corporation, please see www.africanpetroleum.com.au