CAMAC Energy announces corporate changes

CAMAC Energy (NYSE MKT: CAK) (the company) will implement a reverse stock split of its common stock pursuant to which each six shares of common stock will be converted into one share of common stock, effective as of 5pm Eastern time on Wednesday, 22 April 2015.

Concurrently with the reverse stock split, the company announced it will change its name to Erin Energy and will trade under the new ticker symbol "ERN" on both the NYSE MKT and the Johannesburg Stock Exchange (the JSE). Shares of the company's common stock will begin to trade under the new symbol and on a split-adjusted basis at the opening of trading on Thursday, 23 April 2015, and will have new CUSIP and ISIN numbers.

Kase Lawal, Chairman and Chief Executive Officer, commented: "These important actions together with our impending production from the Oyo field are the next phase of our company's transformation into a focused, world-class, international exploration and development company. We are a fundamentally different company than we were a few years ago, and our rebranded company represents the transformation our organisation has undergone over time. As we anticipate production tie-in from the Oyo-8 and Oyo-7 wells, it is with great excitement that we look to the future and the significant growth potential of Erin Energy."

The new company Web site will be www.erinenergy.com.

Stockholders who hold their shares through a bank, broker, custodian or other nominee should contact that individual or institution for further information about the impact of the reverse stock split on their shares. Stockholders whose shares are registered directly with the company's transfer agent (Continental Stock Transfer & Trust Company for shares traded on the NYSE MKT and Link Market Services South Africa for shares traded on the JSE) should contact the appropriate transfer agent for further information about the impact of the reverse stock split on their shares. Any fractional shares resulting from the reverse stock split will be settled in cash at a value equal to the respective fractional portions of the closing share price on Wednesday, 22 April 2015.