Acquisition of Ardan Logistics Kenya Limited

Africa Oilfield Logistics Limited / Ticker: AOL / Index: AIM / Sector: Support Services

22 October 2014

Africa Oilfield Logistics Limited

('Africa Oilfield' or the 'Company')

Result of General Meeting,

Acquisition of Ardan Logistics Kenya Limited &

re-admission to AIM

Africa Oilfield Logistics Ltd (AIM: AOL), the AIM listed African focussed support services and logistics company, is pleased to announce the acquisition of the entire issued share capital of Ardan Logistics Kenya Limited ('ALK') (the 'Acquisition') following shareholder approval being obtained in respect of all the resolutions proposed at the Company's general meeting held earlier today.

Carl Esprey, Chief Executive Officer of Africa Oilfield, said: "I am delighted that shareholders have supported our decision to acquire ALK. We now have in place the operational, regional and corporate experience and expertise to rapidly expand our service lines across a broad geographic area, and to bring our turn-key support services to clients operating within the booming East African exploration and development industries, under our new branding of "Atlas Development & Support Services". A key element to our ongoing success will be our ability to maintain an East African identity. Combining this local presence with high quality, international standard services is of fundamental importance to us, and we are committed to this as we seek to grow Atlas Development & Support Services into an industry leader."

Further Information

Formal registration of the Company's change of name is expected to take place shortly and a further announcement will be made in due course in this regard. The TIDM (tradable instrument display mnemonic) of the Company will change simultaneously with the formal name change of the Company.

Following the passing of the resolution to amend the Company's Articles of Incorporation, the updated version of the Company's Articles of Incorporation has been posted to the website and can be found at http://www.africaoilfieldlogistics.com/documents/ArticlesofAssociation.pdf.

Following shareholder approval for the Acquisition, the re-admission to trading on AIM of the existing ordinary shares of no par value of the Company ("Ordinary Shares") will take place at 8.00 a.m. on 23 October 2014. In addition, the Company has also issued 350,000 new Ordinary Shares at a deemed price of 10 pence per ordinary share (the 'New Shares'). The New Shares rank pari passu with the existing Ordinary Shares of the Company and the Company's issued share capital now comprises 393,923,366 ordinary shares. This figure of 393,923,366 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

** ENDS **

For further information please visit www.africaoilfieldlogistics.com or contact: