Corporate Actions Announcement

30^th October 2018

An Interim Dividend of US$0.05 (United States Five Cents) per Ordinary Share of N0.50k each, (subject to appropriate withholding tax and approval) will be paid to shareholders whose names appear in the Register of Members as at the close of business on 13^th November 2018.

To enable Seplat's Registrar, Datamax Registrars Limited, prepare for the payment of the interim dividend, the Register of Shareholders will be closed on the 14^th November 2018.

Close of Business on 13^th November 2018. 

Note that on the London Stock Exchange: the Associated Record Date will be the 13^th November and the Ex-Dividend date will be the 12^th November 2018.

The default currency and options on currency election for the dividend will depend as follows:

Shareholders who have a dividend currency option, must make the election to the Company's registrars by 28^th November 2018, otherwise the dividend will be paid in the default currency.  The election form will be sent out to the relevant shareholders and can also be found on the company website at https://seplatpetroleum.com/investor-centre/corporate-governance/dividends. Those shareholders holding their shares on the Nigerian Stock Exchange who hold a valid CCI should notify Seplat's Nigerian registrars, DataMax Registrars Limited ("DataMax"), of that fact.

The exchange rate for the Naira or Pounds Sterling amounts payable will be determined by reference to the relevant exchange rates applicable to the US dollar on 13^th November 2018 and will be communicated by the Company on 14^th November 2018.

On or around 6^th December 2018, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 13^th November 2018, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar's E-Dividend Mandate Activation Form, which is also available on: http://www.datamaxregistrars.com/images/forms/seplate_e-mandate%20form.pdf, complete and submit to the Registrar or their respective Banks. Holders of shares through depositary interests on the London Stock Exchange should please provide their account details to the Company's UK depositary, Computershare.

Shareholders with dividend warrants and share certificates that have remained unclaimed, or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrar.

Enquiries on opening of account and payment of dividend should be directed to the appropriate Registrar.

For all other enquiries, kindly contact: