Afren plc issues the following trading statement and operations update in advance of the Company's 2011 Half-yearly results which are scheduled for release on 30 August 2011. Information contained within this release is un-audited and is subject to further review.

Highlights

Reservoir performance at Ebok and Okoro at upper end of expectations Average full year daily production revised to 25,000 to 30,000 boepd due to non reservoir related facilities downtime; on track for 50,000 boepd 2011 exit rate Strong financial position - first half revenue US$161 million; cash at bank US$320 million and net debt US$344 million First half capital expenditure US$254 million, with forecast full year expenditure at US$450 million Active exploration programme with nine wells planned targeting over 600 mmboe net to Afren Continue to prioritise value accretive acquisitions

Osman Shahenshah, Chief Executive of Afren plc commented,'During the period, reservoir performance on the Ebok and Okoro fields has come in at the upper end of expectations. While we have revised the 2011 average production guidance, due to non reservoir related facilities downtime and simultaneous operations, we are expecting a 2011 exit rate of 50,000 boepd. Looking forward, we are targeting both organic and inorganic reserves growth, with up to nine exploration wells targeting over 600 million barrels net to Afren in H2 2011 and further value accretive'

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