February 22, 2012 - In connection with the proposed offering of Senior Secured Notes, Afren plc ("Afren" or the "Company") today provides the following information update comprising the unaudited financial statements of the Company for the ten months ended 31 October 2011, and independent reserve and resource estimates by Netherland, Sewell & Associates and RPS Energy at 31 December 2011. The independent reserve and resource estimates published below have been issued in advance of the publication of Afren's 2011 Full-year Results, when the Company anticipates that ongoing assessment of its recently acquired assets onshore Nigeria and the Kurdistan region of Iraq will be completed and further updated independent estimates will be available.