United Kingdom ,7 October 2022 RAK Petroleum plc (the "Company") announces that, as the result of a shareholder's request to release the restrictions on its Restricted Class A Shares in the Company, 180,000 Restricted Class A Shares in the Company have been re-designated as Class A Shares in the Company and 180,000 ClassB Shares , representing 360,000 votes, have been transferred to the Company and cancelled. Following these actions having become effective today, the share capital of the Company consists of 194,754,040 Class A Shares, each with a nominal value ofGBP 0.01 , 117,377,332 Restricted Class A Shares, each with a nominal value ofGBP 0.01 , 117,377,332 ClassB Shares , each with a nominal value ofGBP 0.0000001 , 87,488,693 ClassC Shares , each with a nominal value ofGBP 0.0000001 and 50,000 redeemable shares, each with a nominal value ofGBP 1.00 , resulting in 546,166,036 total votes. For further queries, please contact: Kevin TonerRAK Petroleum plc Email: kevin.toner@rakpetroleum.uk AboutRAK Petroleum plc :RAK Petroleum plc is anOslo Stock Exchange listed oil and gas investment company established under the laws ofEngland andWales as a public limited company. Its principal holdings are 44.94 percent ofDNO ASA ("DNO") and 33.33 percent ofFoxtrot International LDC held throughMondoil Enterprises, LLC . DNO is a Norwegian oil and gas operator focused on theMiddle East and theNorth Sea . Founded in 1971 and listed on theOslo Stock Exchange , DNO holds stakes in onshore and offshore licences at various stages of exploration, development and production in theKurdistan region ofIraq ,Norway , theUnited Kingdom ,Netherlands andYemen .Foxtrot International LDC is a privately held company active inWest Africa whose principal asset is a 27.27 percent interest in and operatorship of Block CI-27 offshore Côte d'Ivoire. In its stock exchange announcements on22 August 2022 , the Company announced a plan which includes transferring the Company's interest inMondoil Enterprises LLC to DNO for 78,943,763 new DNO shares, following which the Company would transfer all its DNO shares and cash to its shareholders through aUK court-approved capital repayment and then delist and voluntarily liquidate the Company. The plan is subject to various conditions and approvals including, but not limited to, confirmation by the courts ofEngland andWales of the capital repayment under the plan, all as further set out in the Company's announcements on22 August 2022 and the shareholder circular of the same date. Important notice: This information is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act. The information was submitted for publication byKevin Toner , Managing Director, on behalf of the Company on the time and date set out above.
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