Seplat Petroleum Development Company Plc ( Seplat or the Company ) Announcement on Notification Share Dealings by PDMRs Lagos and London 9 March 2018: On 6 March 2018, the Company was notified, pursuant to Rule 12 the Amendments to the Listing Rules the Nigerian Stock Exchange and Article 19 the UK Market Abuse Regulations, that the transactions set out below occurred: 1. The purchase 10,000 ordinary shares the Company by Mr. Michael Alexander, a Senior Independent Non-Executive Director the Company. Mr. Alexander now has a direct holding 20,000 ordinary shares and indirect holding 95,238 ordinary shares Seplat Petroleum Development Company Plc through Lexican Consulting Limited. 2. Following the sale a portion the shares registered in the name Dr. Charles Okeahalam, an Independent Non-Executive Director the Company, who held a direct interest in 597,238 ordinary shares Seplat Petroleum Development Company Plc representing approximately 0.10% the voting the Company s issued share capital, Dr. Okeahalam now holds a direct interest in 495,238 ordinary shares in the Company. Further details the transactions are set out in the attached TR-1 forms (Notification Major Interest in Shares). This notification is made in accordance with Rule 12 the Amendments to the Listing Rules the Nigerian Stock Exchange and Article 19 the UK Market Abuse Regulations. Dr. Mirian Kene Kachikwu Company Secretary FOR: SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC. Details duly authorised ficer issuer responsible for making notification: Roger Brown, CFO +44 (0) 203 725 6500
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i 1. Identity the issuer or the underlying issuer existing shares to which voting are attached: ii Seplat Petroleum Development Company Plc 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal voting X An acquisition or disposal qualifying financial s which may result in the acquisition shares already issued to which voting are attached An acquisition or disposal s with similar economic effect to qualifying financial s An event changing the breakdown voting Other (please specify): 3. Full name person(s) subject to the notification obligation: iii Mr. Michael Richard Alexander 4. Full name shareholder(s) (if different from 3.): iv Same as above 5. Date the transaction: v 5 th March 2018 6. Place Issue Date on which issuer notified: London, UK 6 th March 2018 7. Threshold(s) that is/are crossed or vi, vii reached:
8. Notified details: A: Voting attached to shares Class/type shares if possible using the ISIN CODE viii, ix Situation previous to the triggering transaction Shares Voting Rights shares voting % voting x Direct Direct xi Indirect xii Direct Indirect NGSEPLAT0008 105,238 105,238 20,000 20,000 95,238 0.003% 0.016% B: Qualifying Financial Instruments date xiii Conversion Period xiv voting that may be acquired if the is exercised/ converted. % voting C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Exercise price date xvii Conversion period xviii voting refers to % voting xix, xx Nominal Delta Total (A+B+C) voting Percentage voting 115,238 0.019% 9. Chain controlled undertakings through which the voting and/or the financial s are effectively held, if applicable: xxi
Proxy Voting: 10. Name the proxy holder: 11. voting proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting : 13. Additional information: This disclosure has been calculated based on the issued share capital 588,444,561. 14. Contact name: M. R. Alexander 15. Contact telephone number: +44 7739 479500
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i 1. Identity the issuer or the underlying issuer existing shares to which voting are attached: ii Seplat Petroleum Development Company Plc 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal voting X An acquisition or disposal qualifying financial s which may result in the acquisition shares already issued to which voting are attached An acquisition or disposal s with similar economic effect to qualifying financial s An event changing the breakdown voting Other (please specify): 3. Full name person(s) subject to the notification obligation: iii Dr. Charles C. Okeahalam 4. Full name shareholder(s) (if different from 3.): iv Same as above 5. Date the transaction: v 5 th March 2018 6. Place Issue Date on which issuer notified: Lagos, Nigeria 6 th March 2018 7. Threshold(s) that is/are crossed or vi, vii reached:
8. Notified details: A: Voting attached to shares Class/type shares if possible using the ISIN CODE viii, ix Situation previous to the triggering transaction Shares Voting Rights shares voting % voting x Direct Direct xi Indirect xii Direct Indirect NGSEPLAT0008 597,238 597,238 495,238 495,238 0.08% B: Qualifying Financial Instruments date xiii Conversion Period xiv voting that may be acquired if the is exercised/ converted. % voting C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Exercise price date xvii Conversion period xviii voting refers to % voting xix, xx Nominal Delta Total (A+B+C) voting Percentage voting 495,238 0.08% 9. Chain controlled undertakings through which the voting and/or the financial s are effectively held, if applicable: xxi
Proxy Voting: 10. Name the proxy holder: 11. voting proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting : 13. Additional information: This disclosure has been calculated based on the issued share capital 588,444,561. 14. Contact name: Charles Okeahalam 15. Contact telephone number: +27 11 728 5343