Reaches agreement with Northern Offshore 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 Reaches Agreement with Northern Offshore HOUSTON June 29, 2015 – Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT: ERN) (JSE: ERN) announced today that it has reached an agreement with Northern Offshore International Drilling Company Ltd. and Northern Offshore Limited to settle their dispute relating to the drillship Energy Searcher. 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 kilometers (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. Source: Erin Energy Corporation Contact: Lionel McBee, +1 713 797 2960 lionel.mcbee@erinenergy.com Chris du Toit, +27 11 593 7301 chris.dutoit@erinenergy.com Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) 29 June 2015 Date: 29/06/2015 09:00:00 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.