REGULATORY ANNOUNCEMENT

TOTAL VOTING RIGHTS

31 January 2009 - In conformity with the FSA's Disclosure and Transparency Rules, Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") hereby announces the following:

As at 31 January 2009, the Corporation's issued share capital consists of 156,582,318 common shares of no par value. Subject to the provisions of the Canada Business Corporations Act, holders of Addax Petroleum's common shares are entitled to receive notice of, attend and vote at all meetings of the shareholders of the Corporation and, upon a ballot, are entitled to one vote for each common share held. Addax Petroleum does not hold any shares in its treasury.

The figure 156,582,318 may be used by shareholders and others with notification obligations as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, Addax Petroleum under the FSA's Disclosure Rules and Transparency Rules.

For additional information, please contact:

Allison Neapole

Senior Legal Advisor

Tel: +41 (0) 22 702 9400

allison.neapole@addaxpetroleum.com