Result of Annual General Meeting ('AGM')

London, 25 June 2015

Afren plc ("Afren" or the "Company" (LSE: AFR) announces that at its Annual General Meeting held on 25 June 2015 all the resolutions set out in the Notice of Annual General Meeting, with the exception of resolutions 12, 13 and 14, were passed by the requisite majority.

The Company notes the vote against resolutions 12, 13 and 14, regarding the ability of the Company to issue shares and make market purchases of its own shares in the next 12 months, and will re-engage with its shareholders to get a better understanding of their concerns. These resolutions are related to the Company's normal course of business and are not linked to the proposed refinancing, which is unaffected by today's vote. Afren's shareholders will have a separate opportunity‎ to vote on the Company's authority to issue shares in the relation to the Open Offer and the restructuring at the General Meeting on 24 July 2015, where the proposed refinancing and restructuring will be proposed for approval.

Alan Linn, Chief Executive Officer, commented:

"We would like to thank our shareholders for the continued dialogue about the future of Afren. With a new team in charge we will be well positioned to implement the new strategy. The proposed restructuring and refinancing is the only route available to Afren.

There should be no doubt: this is the only viable option and there is no room for renegotiation. If the proposed plan is not approved then the alternative restructuring process will proceed, with no scope for flexibility‎. We count on the support of all our shareholders to allow Afren to secure its future recovery and growth."

Each of the resolutions put to the AGM was voted on by way of a poll. As announced today, following the decision of certain directors not to seek re-election, none of the resolutions for the proposed re-election of these directors were put to the meeting and no poll was taken on such resolutions. 

The results of the poll for each resolution were as follows:

*   Special resolution

Notes

In accordance with Listing Rule 9.6.2, copies of resolution 15 will shortly be available for inspection on the National Storage Mechanism which can be accessed at www.hemscott.com/nsm.do.

Details of the proxy votes received will also shortly be available for viewing on Afren's website at www.afren.com.

Contacts

Afren plc
Tel.: +44 20 7864 3700
Natalia Erikssen, Investor Relations

Bell Pottinger (public relations adviser to Afren plc)
Tel.: +44 20 3772 2500
Gavin Davis
Henry Lerwill