Sinopec International Takes Up Additional Addax Petroleum Corporation Shares



    CALGARY, Aug. 27 /CNW/ - Sinopec International Petroleum Exploration and
Production Corporation ("Sinopec International") is pleased to announce that
additional common shares of Addax Petroleum Corporation ("Addax Petroleum")
have been tendered to the offer (the "Offer") dated July 9, 2009, as extended,
made by Mirror Lake Oil and Gas Company Limited ("Mirror Lake"), an indirect
wholly-owned subsidiary of Sinopec International. Mirror Lake has taken up all
such additional Addax Petroleum common shares as of the expiry of the Offer on
August 27, 2009 and has now taken up an aggregate of 162,947,508 Addax
Petroleum common shares, representing approximately 98.22% of the Addax
Petroleum common shares on a diluted basis.

    Reader Advisory

    This announcement is for informational purposes only and does not
constitute or form part of any offer or invitation to purchase, acquire,
subscribe for, sell, dispose of or issue, or any solicitation of an offer to
sell, dispose, issue purchase, acquire or subscribe for any security.





For further information:

For further information: please contact any of the following: Sinopec
International Petroleum Exploration and Production Corporation: Mr. Handong
Rui, Email: hdrui@sipc.cn

Organization Profile

SINOPEC INTERNATIONAL PETROLEUM EXPLORATION AND PRODUCTION CORPORATION

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