Temporary Suspension pending Admission Document

16 August 2017

Sirius Petroleum plc

(the "Company" or "Sirius ")

Signing of Joint Operating Agreement and

Temporary Suspension of Shares pending Publication of an AIM Admission Document

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that a Joint Operating Agreement has now been signed by Sirius and its partners for the development of the Ororo Field ("JOA"). The JOA enables Sirius to transition from an investing company to an operating company and as such Sirius is required under the AIM Rules for Companies to seek shareholder approval and re-admission of its ordinary shares to trading on AIM pursuant to AIM Rule 14. Sirius has requested a Temporary Suspension in the trading of its Ordinary Shares pending the publication of an Admission Document ("Admission Document") containing a notice of General Meeting.  

The Company is in the process of preparing the Admission Document and Notice of General Meeting which will be sent to shareholders in due course and which will also be made available on the Company's website at www.siriuspetroleum.com.

--------------------

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Enquiries:

Sirius Petroleum +44 20 3740 7640

Bobo Kuti / Jack Pryde

Cantor Fitzgerald Europe +44 20 7894 7000

Sarah Wharry

Gable Communications +44 20 7193 7463

John Bick

srsp@gablecommunications.com