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

x

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

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

An event changing the breakdown of voting rights

Other (please specify):

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

The equity funds: SKAGEN Kon-Tiki Verdipapirfond

SKAGEN Global Verdipapirfond, SKAGEN global II

Verdipapirfond and SKAGEN Global III Verdipapirfond

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

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

13 November 2014

6. Date on which issuer notified:

14 November 2014

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

5%

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

55 845 638

55 854 638

52 416 856

52 416 856

4.73%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ 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

52 416 856

4.73%

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

Voting rights are held by the equity funds SKAGEN Kon-Tiki Verdipapirfond, SKAGEN Global Verdipapirfond, SKAGEN global II Verdipapirfond and SKAGEN Global III Verdipapirfond. Exercise of voting rights may be carried out by the funds' approved depository bank, Handelsbanken.

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:

Rony Solaiman

15. Contact telephone number:

+ 47 51 80 37 34 / + 47 41 75 32 33