ShaMaran Petroleum Corp. — Net Asset Value 2021

Mar 3, 2021

x

Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period		(ii)		2,160,321,534
Market value of class or series	$(i)$ x $(ii)$	\$ (A)		86,412,861.36
2nd Specified Trading Period (dd/mm/yy)		01/04/2020	to	30/06/2020
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace		\$ (iii)		0.04
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period		\$ (iv)		2,160,321,534
Market value of class or series	$(iii)$ x $(iv)$	\$ (B)		86,412,861.36
3rd Specified Trading Period (dd/mm/yy)		01/07/2020	to	30/09/2020
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace		\$ (v)		0.05
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period		\$ (vi)		2,169,028,201
Market value of class or series	$(v)$ x $(vi)$	\$ (C)		108,451,410.05

4th Specified Trading Period (dd/mm/yy)	01/10/2020	to 31/12/2020
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace	\$ (vii)	0.04
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period	(viii)	2,175,868,201
Market value of class or series	$(vii)$ x $(viii)$ $S_{-}$ (D)	87,034,728.04
5th Specified Trading Period (dd/mm/yy)		to
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace	(ix)
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period	$(\mathbf{x})$
$(ix)$ x $(x)$ Market value of class or series	\$ (E)
Average Market Value of Class or Series (Calculate the simple average of the market value of the class or
series of security for each applicable specified trading period (i.e. A through E above))	\$ (1)	92,077,965

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial ye

Fair value of outstanding debt securities:

$\bar{b}$

(Provide details of how value was determined)		$\mathbb S$ (2)	242,842,800
Capitalization for the previous financial year	$(1) + (2)$	$\mathbb{S}$	334,920,765
Participation Fee		\$	14,000.00
Late Fee, if applicable		\$
Total Fee Payable (Participation Fee plus Late Fee)		\$	14,000.00

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