TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES)

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Afren Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

No

Other (please specify):

No

3. Full name of person(s) subject to thenotification obligation: iii

Standard Life Investments (Holdings) Limited (Parent Company) -6.796% comprised of:

Standard Life Investments Limited - 6.751%

Ignis Investment Services Limited - 0.045%

4. Full name of shareholder(s)  (if different from 3.):

Vidacos Nominees\HSBC

5. Date of the transaction and date onwhich the threshold is crossed orreached:

26/01/2015

6. Date on which issuer notified:

27/01/2015

7. Threshold(s) that is/are crossed orreached:

7%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct

Indirect xii

Direct

Indirect

GB00B0672758

77,807,320

77,807,320

75,268,137

48,322,016

26,946,121

4.363

2.433

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired

(if the instrument is exercised/ converted.)

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

75,268,137

6.796

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

Standard Life Investments (Holdings) Limited (Parent Company) -6.796% comprised of:

Standard Life Investments Limited - 6.751%

Ignis Investment Services Limited - 0.045%

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

[email protected] Life Investments Ltd

15. Contact telephone number:

(0131) 245 6565