Investors

Dividend Information

AFRICA OIL DIVIDEND RECORD

Aggregate U.S. $0.05 Per Year
Paid Semi-Annually

DIVIDEND WITHHOLDING TAX INFORMATION

Notice to all Registered Non-Canadian Resident Shareholders

Dividend payments made to non-Canadian resident shareholders will be subject to withholding tax at a statutory withholding tax rate of 25%. This withholding tax rate may be reduced for individuals resident in countries which have a tax treaty with Canada, in accordance with the relevant tax treaty.

The Canada Revenue Agency (the “CRA”) requires a certification of residency from each shareholder so that the relevant tax treaty rate can be applied where applicable to individuals resident in countries which have a tax treaty with Canada.

Computershare Investor Services Inc. mailed form NR301 to all Registered non-Canadian resident shareholders. In order to receive the applicable treaty rate, you must complete and mail back the form to Computershare. Failure to supply a completed NR301 form will result in Computershare withholding the statutory 25% withholding tax rate on any payments to Registered non-Canadian resident shareholders. Instructions on how to correctly complete the NR301 are on the back of the form.

Notice to all Beneficial Non-Canadian Resident Shareholders

Shareholders who hold their shares through a broker should contact their broker directly. Such shareholders do not need to return a form to Computershare.

Shares traded on Nasdaq Stockholm

Dividend payments will be made net of 25% Canadian withholding tax and are subject to any other Canadian and Swedish taxes deemed applicable under Canadian and Swedish law. Shareholders may speak with their brokers regarding any applicable tax treaties.

Shareholders who are entitled to reclaim Canadian and/or Swedish tax under the applicable tax treaties should contact the CRA and the Swedish Tax Agency (the “STA”), respectively, directly, or have their brokers contact the same. For Swedish tax purposes, a reclaim may be filed by submitting the form SKV 3740, and supplemental attachments, to the Swedish Tax Agency. Shareholders who hold their shares through a nominee should contact their nominee.