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Regulatory press release

Africa Oil Corp: Africa Provides Share Capital and Voting Rights Update

Meren Energy
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VANCOUVER, BC, Jan. 2, 2025 /CNW/ - (AOI-TSX, AOI-Nasdaq-Stockholm) - Africa Oil Corp. ("Africa Oil", or the "Company") reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act.

As a result of the exercise of employee share options and the cancellation of shares repurchased by Africa Oil under the Company's previously announced share repurchase program, Africa Oil now has 439,078,170 common shares issued and outstanding with voting rights as at December 31, 2024.

Additional Information
This information is information that Africa Oil is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out above, at 02:00 a.m. EST on January 2, 2025.

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