Result of AGM

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

11 August 2014

Africa Oilfield Logistics Limited ("Africa Oilfield" or "the Company")

Result of General Meeting

Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, is pleased to announce that at the General Meeting held earlier today, the single resolution proposed was duly passed.

As a result of shareholder approval being given to the resolution, and further to the announcement on 17 July 2014 regarding the Company's £7.0 million fundraising, application has been made for 77,800,000 new ordinary shares in the Company (the "Placing Shares") to be admitted to trading on AIM. 

The Placing Shares will, when issued, rank pari passu in all respects with the existing ordinary shares of the Company and trading on AIM will commence at 8.00am on 15 August 2014 ("Admission"). Following Admission, the total number of voting rights in the Company will be 393,573,366 ordinary shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

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