Publication of Circular and Notice of General Meeting of Shareholders in
Connection with Capital Repayment


Reference is made to the stock exchange announcement published by RAK Petroleum
plc (the "Company") today, 22 August 2022, regarding the plan to transfer its
DNO ASA shares and cash to shareholders through a capital repayment, then delist
and liquidate. 

The Company hereby convenes a general meeting of shareholders on 21 September
2022 at 14:00 hours (British Summer Time). The circular to shareholders and
notice of a general meeting, including the resolutions to be considered by the
shareholders, is attached to this notice and can also be found on the Company's
web page:
https://www.rakpetroleum.uk/Investor-relations/Shareholder-information/General-m
eetings. 

For further queries, please contact: 

Kevin Toner 
Managing Director 
RAK Petroleum plc 
Email: kevin.toner@rakpetroleum.uk 

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 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.