TR-1:Notifications of Major Interests in Shares

TR-1: Notifications of Major Interests in Shares

1: Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Afren PLC

2: Reason for notification (yes/no)

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 the notification

obligation:

South Atlantic Petroleum Limited

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

5. Date of the transaction (and date on which the threshold

is crossed or reached): v

13 October 2014

6. Date on which issuer notified:

13 October 2014

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

5%

8: Notified Details

A: Voting rights attached to shares viii,ix

Class/type of share If possible use ISIN code

GB00B0672758

1,107,105,339

Ordinary Shares

Situation previous to the triggering transaction

Number of shares

Number of voting rights

55,270,276

55,270,276

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Percentage ofvoting rights

Direct

Direct

Indirect

Direct

Indirect

58,766,220

58,766,220

0

5.31%

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ conversion period/date xiv

No. of voting rights that may be acquired(if the instrument exercised/converted)

Percentage of voting rights

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

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate xvii

Exercise/Conversionperiod xviii

Number of votingrights instrumentrefers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

58,766,220

5.31%

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

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

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

13. Additional information:

14. Contact name:

Geoffroy Dedieu

TY Danjuma Family Office Ltd

Two Furlongs, Portsmouth Road

Esher KT10 9AA, UK

15. Contact telephone number:

+44 1372 460 059

[email protected]