Seplat Energy Regulatory News (SEPL)

Votes FOR

Votes AGAINST

Votes Withheld/

Abstain

Total Votes Cast (excluding Votes

Withheld/Abstain)

RESOLUTIONS

Number

of shares

% of shares voted

Number

of shares

% of shares voted

Number

of shares

Number

 of shares

For & Against

% of ISC

1.

Resolution 1: To receive the Audited Financial Statements of the Company for the year ended 31 December 2021, together with the Reports of the Directors, Auditors and the Statutory Audit Committee thereon.

481,697,063

100%

nil

nil

nil

481,697,063

82%

2.

Resolution 2: To declare a final dividend recommended by the Board of Directors of the Company in respect of the financial year ended 31 December 2021.

481,696,013

100%

nil

nil

nil

481,696,013

82%

3.

Resolution 3: To re-appoint PriceWaterhouseCoopers ("PWC") as Auditors of the Company from the conclusion of this meeting until the

conclusion of the next general meeting of the Company at which the Company's Annual Accounts are laid.

Noted by Shareholders

4

Resolution 4: To authorise the Board of Directors of the Company to determine the Auditors' remuneration.

480,250,681

99.70%

1,446,383

0.30%

nil

481,697,064

82%

5.

Resolution 5: To elect/re-elect the following Directors:

5(a)(i): To approve the appointment of the following Directors: Prof. Fabian Ajogwu, SAN (Independent Non-Executive Director);

479,112,734

100%

nil

nil

nil

479,112,734

81%

5(a)(ii): To approve the appointment of the following Directors: Mr. Bello Rabiu (Independent Non-Executive Director);

479,144,561

100%

nil

nil

nil

479,144,561

81%

5(a)(iii): To approve the appointment of the following Directors: Dr. Emma FitzGerald (Independent Non-Executive Director);

479,144,561

100%

nil

nil

nil

479,144,561

81%

5(a)(iv): To approve the appointment of the following Directors: Mrs. Bashirat Odunewu (Independent Non-Executive Director);

479,112,734

100%

nil

nil

nil

479,112,734

81%

5(a)(v): To approve the appointment of the following Directors: Mr. Kazeem Raimi (Non-Executive Director); and

479,143,147

100%

nil

nil

nil

479,143,147

81%

5(a)(vi): To approve the appointment of the following Directors: Mr. Ernest Ebi (Non-Executive Director).

479,144,561

100%

nil

nil

nil

479,144,561

81%

5(b)(i): To re-elect the following Directors who are eligible for retirement by rotation: Mr. Basil Omiyi (Senior Independent Non-Executive Director)

380,460,893

79.51%

98,043,393

20.49%

nil

478,504,286

81%

5(b)(ii): To re-elect the following Directors who are eligible for retirement by rotation: Dr. Charles Okeahalam (Independent Non-Executive Director).

372,797,582

79.18%

98,043,393

20.82%

nil

470,840,975

80%

6.

Resolution 6: To disclose the remuneration of managers of the Company

Noted by Shareholders

7

Resolution 7: To elect the shareholder representatives of the Statutory

Audit Committee.

This was done by show of hands in line with the section 249(3) of the Companies and Allied Matters Act 2020 provisions. Members of the Statutory Audit Committee comprising three (3) shareholders elected representatives and two (2) Board nominated representatives were approved as follows: (a) Chief Anthony Idigbe, SAN (Shareholder representative); (b) Hajia Hauwa Umar (Shareholder Representative); (c) Sir Sunday Nnamdi Nwosu (Shareholder Representative); (d) Ms. Arunma Oteh, OON (Board Representative); and (e) Mr. Olivier Cleret De Langavant (Board Representative).

8

Resolution 8: To approve the Remuneration Section of the Directors' Remuneration Report set out in the Annual Report and Accounts for the year ended 31 December 2021

426,655,099

97.52%

10,862,581

2.48%

132,021

437,517,680

74%

9

Resolution 9: To consider and, if thought fit, to transact the following

Special Business, which will be proposed and passed as Ordinary Resolutions:

a) That the Company be and is hereby authorised to take all steps necessary to comply with the requirements of Section 124 of the Companies and Allied Matters Act 2020 and the Companies Regulations 2021, as it relates to unissued shares forming part of the authorised Share Capital of the Company, including the cancellation of the unissued ordinary shares of the Company.

423,861,306

96.85%

13,781,084

3.15%

342,434

437,642,390

74%

b) That the Company be and is hereby authorised to take all steps necessary to ensure that the Memorandum and Articles of Association of the Company are altered to comply with Resolution 9(a) above, including replacing the provision stating the authorised share capital with the issued share capital of

the Company.

451,728,804

97.04%

13,760,944

2.96%

342,434

465,489,748

79%

c) That the Company be and is hereby authorised to enter into and execute agreements, deeds, notices or any other documents and to perform all acts and to do all such other things necessary for or incidental to giving effect to Resolution 9(a) above, including without limitation, appointing such professional parties, consultants and advisers and complying with the directives of the regulatory authorities.

436,273,948

99.69%

1,368,441

0.31%

342,434

437,642,389

74%

d) That the Company be and is hereby authorised to perform all acts and to do all such other things as may be necessary for or incidental to giving effect to the above resolutions, including without limitation, complying with the directives of the regulatory authorities.

479,590,834

99.72%

1,368,441

0.28%

342,434

480,959,275

82%

Seplat Energy Plc

+234 12 770 400

Emeka Onwuka, CFO

Edith Onwuchekwa, Company Secretary/General Counsel

Carl Franklin, Head of Investor Relations

Chioma Nwachuku, Director, External Affairs and Sustainability

FTI Consulting

Ben Brewerton / Chris Laing

+44 (0) 203 727 1000

seplat@fticonsulting.com