Seplat Energy Regulatory News (SEPL)

Seplat Petroleum Development Company Plc ("Seplat" or the "Company")

Appointment of Chief Financial Officer and Executive Director

Lagos and London - July 10, 2020: The Board of Directors of Seplat Petroleum Development Company Plc ("Seplat" or the "Company") is pleased to announce the appointment of Mr. Emeka Onwuka as Chief Financial Officer ("CFO") and Executive Director of the Company, joining the Seplat Board with effect from August 1, 2020.

Mr. Onwuka has over 30 years' experience in financial services within Sub-Saharan Africa. He has acted as the voice and face of major financial institutions in Nigeria as former Group Managing Director /CEO of Diamond Bank Plc and former Chairman of Enterprise Bank Limited. Mr Onwuka is a Partner at Andersen Tax Nigeria and holds various Board positions as Chairman; FMDQ Securities Exchange Limited; Director FMDQ Holdings Limited; Director, Ecobank Nigeria Limited; and Director, Bharti Airtel Nigeria.

Mr Onwuka received his B.SC. in Political Science from the University of Nigeria, Nsukka and holds an MBA from the University of Benin. He is a Chartered Accountant, a Fellow of the Institute of Chartered Accountants of Nigeria, a Fellow of Chartered Institute of Taxation of Nigeria. He has attended executive programs at the Lagos Business School, Wharton Business School and Harvard Business School.

Mr. Onwuka holds the Nigerian National Honour, Officer of the Order of the Niger (OON).

The Board of Seplat is confident that the wealth of knowledge and experience he brings will be a great addition to the Company.

This announcement is being made in accordance with Rule 4 of the Nigerian Stock Exchange Amended Listing Rules.

- ENDS -

For: Seplat Petroleum Development Company Plc

MRS. EDITH ONWUCHEKWA

COMPANY SECRETARY/CHIEF GOVERNANCE COMPLIANCE OFFICER

Enquiries:

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/