Afren plc ("Afren" or the "Company"), an independent oil and gas company, announces the completion of a Share Sale Agreement giving it a participation in an effective 4.41 per cent interest in 'Block 1' of the Nigeria - Sao Tome & Principe Joint Development Zone "JDZ".

Afren plc ("Afren" or the "Company") an independent oil and gas exploration and production company, announces that its Ordinary Shares are due to start trading on AIM at a price of 20 pence per share on Monday 14 March 2005. The Company's initial market capitalization will be approximately £25.9 million. Canaccord Capital (Europe) Limited is the Nominated Adviser and Broker.