ERIN ENERGY CORPORATION - Erin Energy set to join Russell indexes

Erin Energy set to join Russell indexes

Erin Energy Corporation
(Formerly CAMAC Energy Inc)
(Incorporated and registered in Delaware,
United States of America)
Share code on the NYSE MKT: ERN
Share code on the JSE: ERN
ISIN: US1317452001
(“Erin Energy” or “the Company”)

Erin Energy Set To Join Russell Indexes


HOUSTON June 22, 2015 – Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE
MKT:ERN) is set to join the broad-market Russell 3000 Index at the conclusion of the Russell
indexes annual reconstitution on June 26, according to a preliminary list of additions posted
June 19 on www.russell.com.

Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of the end of
May, ranking them by total market capitalization. Membership in the Russell 3000, which
remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or
small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by objective, market-
capitalization rankings and style attributes.

Chris Hearne, Senior Vice President and Chief Financial Officer of Erin Energy commented:
“We are pleased with our addition to the Russell 3000, which is a testament to our positive
momentum. As we continue to execute on our growth strategy, we expect our inclusion will raise
Erin Energy’s visibility and generate greater interest among institutional investors.”

Russell indexes are widely used by investment managers and institutional investors for index
funds and as benchmarks for active investment strategies. Approximately $5.7 trillion in assets
are benchmarked to the Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.

Erin Energy Corporation is an independent oil and gas exploration and production company
focused on energy resources in sub-Saharan Africa. Its asset portfolio consists of 9 licenses
across 4 countries covering an area of 43,000 square kilometres (10 million acres), 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, and is listed on the New York and Johannesburg Stock
Exchanges under the ticker symbol ERN. More information about Erin Energy can be found at
www.erinenergy.com.

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All
statements, other than statements of historical fact, concerning activities, events or
developments that the Company expects, believes or anticipates will or may occur in the future
are forward-looking statements. Although the Company believes the expectations reflected in
these forward-looking statements are reasonable, they involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.
The Company’s actual results could differ materially from those anticipated or implied in these
forward-looking statements due to a variety of factors, including the completion of the
transactions identified in this release, and risks and other risk factors discussed in the
Company’s periodic reports filed with the Securities and Exchange Commission. All forward-
looking statements are expressly qualified in their entirety by this cautionary statement. You
should not place undue reliance on forward-looking statements, which speak only as of their
respective dates. The Company undertakes no duty to update these forward-looking
statements.

Source: Erin Energy Corporation

Investors:
Chris du Toit, +27 11 593 7301
chris.dutoit@erinenergy.com

Media:
Lionel McBee, +1 713 797 2960
lionel.mcbee@erinenergy.com

22 June 2015

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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