Fractional Share Payments in terms of the one-for-six- Reverse Stock Split Erin Energy Corporation (Previously, CAMAC Energy Inc.) (Incorporated and registered in Delaware, United States of America) Share code on the NYSE MKT and the JSE: ERN ISIN: US12956251076 (“Erin Energy” or the “Company”) FRACTIONAL SHARE PAYMENTS IN TERMS OF THE ONE-FOR-SIX REVERSE STOCK SPLIT Shareholders are referred to the announcement published on the JSE Limited Stock Exchange News Service (“SENS”) on 17 April 2015, in terms of which the Company advised that it had resolved to effect a 1-for-6 reverse stock split of its common stock (“Reverse Stock Split”) in terms of the approval obtained from shareholders at the Company’s annual general meeting held on 29 May 2014. The resultant shares after the Reverse Stock Split will be rounded down and any fractional shares will be settled in cash at a value equal to the respective fractional portions of the closing share price on Wednesday, 22 April 2015 on both the NYSE MKT, for shareholders on the New York register, and the Main board of the exchange operated by the JSE Limited (“JSE”), for shareholders on the South African register (“Fractional Share Payment”). The closing share price on Wednesday, 22 April 2015 on the JSE was R10.00 and therefore the value of the Fractional Share Payments will be determined by multiplying the respective fractional shares by the post Reverse Stock Split adjusted share price of R60.00. Fractional Share Payments arising from the Reverse Stock Split will be paid as follows: - The accounts of dematerialised shareholders recorded on the South African register will be credited with their respective Fractional Share Payment on Monday, 4 May 2015; and - Cheques will be posted to certificated shareholders recorded on the South African register on or about Monday, 4 May 2015. About Erin Energy Erin Energy is an independent oil and gas exploration and production company focused on energy resources in Africa. Its asset portfolio consists of nine licenses across four countries, including current production and other exploration projects offshore Nigeria, as well as exploration licenses offshore Ghana, Kenya, and Gambia and onshore Kenya. Erin Energy is headquartered in Houston, Texas. For more information, visit www.erinenergy.com. Source: Erin Energy Corporation Investors: Chris du Toit 077 593 7301 chrisdutoit@erinenergy.com Media: Lionel C. McBee 713-797-2960 lionel.mcbee@erinenergy.com 28 April 2015 JSE Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 28/04/2015 11:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.