Mandatory Notification of Trade by a Close Associate of a Primary Insider

Mandatory Notification of Trade by a Close Associate of a Primary Insider United Kingdom, 5 September 2022 The following Close Associate of a primary insider in RAK Petroleum plc has transferred beneficial interests in shares in RAK Petroleum plc: AAH Holding Limited, a close associate of Amir Ali Handjani, Board Member, has transferred the beneficial interests in 2,500,000 shares in RAK Petroleum plc to a trust for the benefit of his heirs for nil consideration. For further details please see the attached Notification. 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, 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.