Seplat Energy Regulatory News (SEPL)

Seplat Petroleum Development Company Plc

("Seplat" or "the Company")

Correction: Company five-year financial summary (Naira section) for the years 2015-2017 as included within the Financial Results for the year ended 31 December 2019

Lagos and London - 27 April 2020: Seplat announces a correction to the Company five-year financial summary statement (Naira section) in the 2019 Financial Results released on Monday 23 March 2020. The five-year financial summary table in Naira relating to the Company rather than the Consolidated Group can be found in the unaudited supplementary financial information section on page 247 of 250 in the 2019 Financial Results.

The correction has now properly reflected the historical Naira numbers for the years 2015, 2016 & 2017 in the Company five-year financial summary table, which were erroneously reported as 2014, 2015 & 2016. All other numbers and text remain unchanged; and there is no impact on other audited financial information in the 2019 financial statements. There is no change to the Financial Results for years 2014 to 2018.

The corrected version is available on the Company website https://seplatpetroleum.com/investors/results-centre/

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Notes to editors

Seplat Petroleum Development Company Plc is a leading indigenous Nigerian oil and gas exploration and production company with a strategic focus on Nigeria, listed on the Main Market of the London Stock Exchange ("LSE") (LSE:SEPL) and Nigerian Stock Exchange ("NSE") (NSE:SEPLAT).

Seplat is pursuing a Nigeria focused growth strategy and is well-positioned to participate in future divestment programmes by the international oil companies, farm-in opportunities and future licensing rounds. For further information please refer to the company website, http://seplatpetroleum.com/