AFR Afren

TIDMAFR

Afren PLC

23 May 2014

Afren plc (AFR LN)

Afren becomes an EITI Supporting Company

London, 23 May 2014

Afren plc ("Afren" or "the Company") is pleased to announce that it became a Supporting Company of the Extractive Industries Transparency Initiative ("EITI") on 20 May 2014.

The EITI is a global coalition of governments, companies and civil society working together to improve openness and accountable management of revenues from natural resources. It provides a robust methodology for monitoring and reconciling company payments and government revenues at the country level.

Afren operates in a number of countries around the world that appear in the lower half of Transparency International's Corruption Perception Index. Several of these are EITI candidates or fully compliant. We support and comply with the relevant reporting processes in each country. We also endorse the EU and UK government's commitment to ensure that listed and other large oil, gas and mining companies disclose payments to governments on a project-by-project and country-by-country basis.

 
 For further information contact: 
 Bell Pottinger                           +44 20 7861 3232 
 James Henderson 
 Mark Antelme 
 

Notes to Editors

About Afren

Afren is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange and a constituent of the Financial Times Stock Exchange Index of the leading 250 UK listed companies. Afren has a portfolio of assets spanning the full cycle exploration and production (E&P) value chain. Afren is currently producing from its assets in Nigeria and the Kurdistan region of Iraq and holds further exploration interests in Ghana, Nigeria, Côte d'Ivoire, the Kurdistan region of Iraq, Congo Brazzaville, Kenya, Ethiopia, Madagascar, Seychelles, Tanzania and South Africa. For more information please refer to www.afren.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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