United Kingdom, 9 May 2022
The following Close Associate of a primary insider in RAK Petroleum plc has sold shares in RAK Petroleum plc:
Starling Global Finance Ltd., a close associate of Ahmed Jawa, Board Member, has on 6 May 2022 sold 23,748 shares in RAK Petroleum plc at an average price of NOK 13.0448 per share. Starling Global Finance Ltd. holds 4,976,252 shares in RAK Petroleum plc after these transactions.
For further details please see the attached Notification.
For further queries, please contact:
Managing Director RAK Petroleum plc
About RAK Petroleum plc
RAK Petroleum plc is an Oslo Stock Exchange listed oil and gas investment company established under the laws of England and Wales as a public limited company. Its principal holdings are 44.94 percent of DNO ASA and 33.33 percent of Foxtrot International LDC held through Mondoil Enterprises, LLC. DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, DNO holds stakes in onshore and offshore licences at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Netherlands, Ireland and Yemen. 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.