Statement Regarding Recent Press Speculation

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

Seplat Energy Plc ("Seplat Energy" or "the Company")

Statement regarding recent press speculation

Lagos and London, 29^th November 2021: Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, notes the recent press speculation and confirms that Seplat Energy, together with a partner, is in competitive discussions to acquire ExxonMobil's Nigerian shallow water business. Deliberations are ongoing and accordingly, there can be no certainty as to the outcome.

A further announcement will be made as and when appropriate, in line with regulatory requirements.

The person responsible for arranging the release of this announcement on behalf of Seplat Energy is Emeka Onwuka, CFO Seplat Energy.

Signed:

 Mr. Emeka Onwuka

(Chief Financial Officer)                                                 

Enquiries:

Notes to editors

Seplat Energy Plc is Nigeria's leading indigenous energy company. It is listed on the Premium Board of the Nigerian Exchange (NGX: SEPLAT) and the Main Market of the London Stock Exchange (LSE: SEPL).

Seplat Energy is pursuing a Nigeria-focused growth strategy and is well positioned to participate in future asset divestments by international oil companies, farm-in opportunities, and future licensing rounds. The Company is a leading supplier of gas to the domestic power generation market. For further information please refer to the Company website, http://seplatenergy.com/.