ANNOUNCEMENT OF CURRENCY EXCHANGE RATES FOR 2021 FINAL DIVIDEND

Lagos and London, 5^th May 2022:  Seplat Energy PLC ("Seplat" or the "Company"), a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and London Stock Exchange, today confirms that the following currency exchange rates will be applicable in determining the final dividend for 2021 to any shareholder that qualifies for and has elected to receive the dividend payment in Naira or Sterling (GBP):

Exchange Rate

1 USD = 416.55 NGN

1 USD = 0.7976 GBP

The exchange rate for the Naira or Pound Sterling amounts payable was determined by reference to the exchange rates applicable to the US dollar available on 29^th April 2022.

The closing date for dividend currency election to the Company's Registrars is 18^th May 2022. In the absence of a qualifying dividend currency election by shareholders to the appropriate Registrar, dividends will be paid in their default currency. Shareholders should refer to the Company's announcement on 28^th February 2022 for definition of default currency and dividend currency election forms can be found on the company website at https://seplatenergy.com/investors/dividend.

          Dated 5^th May 2022.

          Signed:

Emeka Onwuka

        (Chief Financial Officer)