Afren plc ("Afren" or the "Company") is pleased to announce that it has upsized the previously announced private placement by US$25 million to US$75 million equivalent in British Pounds of Convertible Senior Unsecured Bonds due 2011 (the "Bonds").

Afren plc ("Afren" or the "Company") announces the closing of the private placement of US$50 million equivalent in British Pounds of Convertible Senior Unsecured Bonds due 2011 (the "Bonds").