AXC Addax Petroleum

 

TIDMAXC 
 
RNS Number : 5296X 
Addax Petroleum Corporation 
17 August 2009 
 

 
 Conversion Notice 
ADDAX PETROLEUM CORPORATION 
 U.S.$300,000,000 3.75 per cent. Convertible 
Bonds 
 due 2012 (the "Bonds") 
 convertible into Common Shares of 
 ADDAX 
PETROLEUM CORPORATION 
 
 
To:    ADDAX PETROLEUM CORPORATION 
[where the Bonds in respect of which this Conversion Notice is given are 
evidenced by the Global Bond, this Notice need not be signed. In such a case, 
delivery of the Conversion Notice will constitute confirmation by the beneficial 
owner of interest in the Bonds to be converted that the information and the 
representations in the Conversion Notice are true and accurate on the date of 
delivery.] 
Failure to properly and completely deliver this Conversion Notice (in the 
determination of the Paying, Transfer and Conversion Agent) may result in this 
Conversion Notice being treated as null and void. Once validly delivered, this 
Notice is irrevocable. 
1    I/We, the undersigned, being the holder(s) of the Bonds/interests in the 
Global Bond specified below hereby irrevocably elect to convert such Bonds in 
accordance with the Conditions of the Bonds into Common Shares in Addax 
Petroleum Corporation ("Common Shares") at the Conversion Price (as defined in 
the Conditions). 
The total principal amount and, where applicable, certificate numbers of Bonds 
to which the Notice applies. 
Bonds:    ....................................... 
Global Bond:    ..................................... 
Total principal amount (must be an authorised denomination, as defined in the 
Conditions):    ................................. 
Certificate numbers of Bonds, if in definitive form:    .................. 
If necessary, the certificate numbers of Bonds can be attached separately. 
The contact details for the holder(s) of the Bonds/broker/person acting on 
behalf of the holder(s) of the Bonds electing to convert such Bonds in 
accordance with the Conditions are as follows: 
    Name: ........................................ 
    Address: ......................................... 
    Telephone number: ................................. 
    E-mail address: ...................................... 
I/We hereby irrevocably elect that the Common Shares shall be (check one only): 
...    issued in uncertificated form on the Canadian register of Addax Petroleum 
Corporation and in this regard l/we have provided details of a CDS Participant 
to whom the Common Shares may be credited 
...issued in certificated form on the Canadian register of Addax Petroleum 
Corporation and in this regard l/we have provided full details so that the 
Common Shares may be registered in my/our name. 
2    I/We request that the Common Shares to be issued on conversion of the Bonds 
mentioned above be registered in the name(s) of the person(s) who is/are* named 
below (see Note 1): 
1    Name    [-] 
      Address    [-] 
2    Name    [-] 
      Address    [-] 
3    Name    [-] 
      Address    [-] 
4    Name    [-] 
      Address    [-] 
      Dated:    [-] 
      Signature:    [-] 
PRINT NAME(S) 
IN THE CASE OF COMMON SHARES TO BE DELIVERED IN UNCERTIFICATED FORM THROUGH CDS 
I/We hereby request that: 
the Common Shares to be delivered in pursuance of this Conversion Notice to be 
credited to the CDS account, details of which are set out below. 
CDS Participant    ID:    .................................... 
Member Account    ID:    .................................... 
Name:    ................................................................ 
Address: ............................................................. 
I/We hereby request that any payment of interest required to be made pursuant to 
Condition 6(j) of the Bonds be transferred to the U.S. dollar account details in 
respect of which are given below (delete as applicable): 
Account no:    ....................................................... 
Account name: ...................................................... 
Bank:    ................................................................. 
Branch: ............................................................... 
SWIFT Code:    ......................................................... 
N.B. 
(i)    This Conversion Notice will be void unless the introductory details and 
Sections 1 and 2 are completed. 
(ii)    Your attention is drawn to Condition 6 of the Bonds with respect to the 
conditions relating to Conversion. 
(iii)    The exercise of a Conversion Right is subject to any applicable fiscal 
or other laws or regulations applicable in the jurisdiction where the office of 
the Agent to whom this notice is presented is located. 
(iv)    This Conversion Notice may be completed by or on behalf of an 
accountholder of any clearing system in which an interest in the relevant Bonds 
is held at such time which has an interest in such Global Bond. 
(v)    The holding of an interest in a Bond by an accountholder of any clearing 
system in which interests in the Global Bond is held and in respect of which 
Conversion Rights are being exercised will be confirmed by the Principal Paying, 
Transfer and Conversion Agent with the relevant clearing system. 
(vi)    Terms used in this Conversion Notice and not otherwise defined have the 
meanings set forth in the Trust Deed dated 30 May 2007 between Addax Petroleum 
Corporation and The Law Debenture Trust Corporation p.l.c. as Trustee. 
3    The relevant certificates in respect of Bonds to be converted are attached 
hereto (not necessary in the case of Bonds evidenced by Global Bonds). 
Dated:    .................................................. 
Name of Bondholder:    ................................. 
Signature: .............................................. 
4    I/We hereby represent and warrant that the Bonds to which this Conversion 
Notice relates are free from all liens, charges, encumbrances or any other third 
party rights and that the person(s) named in section 2 have consented to become 
a shareholder of Addax Petroleum Corporation. 
To be completed by the Principal Paying, Transfer and Conversion Agent 
5 
(A)    Bond conversion identification reference: [    ] 
(B)    Date of delivery of Conversion Notice to Paying and Conversion Agent: 
(C)    Conversion Date: (to be filled in by Paying and Conversion Agent): 
6 
(A)    Aggregate principal amount of Bonds deposited for conversion/represented 
by the Global Bond* being converted: ........................................ 
(B)    Conversion Price on Conversion Date: ........................... 
(C)    Number of Common Shares to be issued: ....................(disregard fractions) 
(D)    Interest Payable: ............................. 
N.B. The Paying and Conversion Agent must complete items 1 and 2. 
* Delete as appropriate. 
Notes 
1    If it is desired to nominate a person or persons other than the holder of 
the Bond(s) specified above as the allottee(s) of Common Shares issued on 
conversion of such Bond(s) that person or those persons must have consented to 
the Common Shares being registered in its/their name(s). 
2    A corporation should sign under hand by an authorised official who must 
state his/her capacity and print the name of the relevant corporation. 
3    Where Conversion Rights are exercised in respect of a definitive Bond, in 
circumstances where Conversion Rights are exercised in respect of less than the 
entire aggregate principal amount of the Bonds represented by the relevant 
certificate, a certificate for the balance of the Bonds will be registered in 
the name of the Bondholder exercising Conversion Rights and such certificate 
will be despatched as provided in the Conditions. 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCGUUGURUPBURM 
 

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