RAK Petroleum plc: Changes in Share Capital

United Kingdom, 24 September 2018 

RAK Petroleum plc, the Oslo-listed oil and gas investment company, announced that, as the result of a shareholder's request to release the restrictions on its Restricted Class A Shares, 1,800,000 Restricted Class A Shares have been re-designated as Class A Shares and 21,800,000 Class B Shares, representing 3,600,000 votes, have been transferred to the Company and cancelled.

Following these actions having become effective today, the share capital of the Company is GBP 3,328,169.57, consisting of 194,642,717 Class A Shares, each with a nominal value of GBP 0.01, 133,171,988 Restricted Class A Shares, each with a nominal value of GBP 0.01, 133,171,988 Class B Shares, each with a nominal value of GBP 0.0000001, 87,488,693 Class C Shares, each with a nominal value of GBP 0.0000001 and 50,000 redeemable shares, each with a nominal value of GBP 1.00, resulting in 594,158,681 total votes.

For further queries, please contact:
Kevin Toner
Managing Director
RAK Petroleum plc
Email: [email protected]

About RAK Petroleum plc
RAK Petroleum plc is an Oslo Børs listed oil and gas investment company established under the laws of England and Wales as a public limited company. Its principal holdings are 40.45 percent of DNO ASA and 33.33 percent of Foxtrot International LDC held through Mondoil Enterprises, LLC.  Founded in 1971 and listed on the Oslo Børs since 1981, DNO ASA is a Norwegian exploration and production company focused on the Middle East and the North Sea with interests in oil and gas blocks in various stages of exploration, development and production, both onshore and offshore. Foxtrot International LDC is a privately-held company active in West Africa whose principal asset is a 27.27 percent interest in and operatorship of Block CI-27 offshore Côte d'Ivoire

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.