Announcement: Exchange Rates for Interim Dividend

ANNOUNCEMENT OF CURRENCY EXCHANGE RATES FOR Q2 2021 INTERIM DIVIDEND

Lagos and London, 12^th August 2021:  Seplat Energy PLC ("Seplat" or the "Company"), a leading Nigerian independent oil and gas 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 interim dividend for Q2 2021 to any shareholder that qualifies for and has elected to receive the dividend payment in Naira or GBP:

Exchange Rate

1 USD = 411.14 Naira

1 USD = 0.7224 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 11^th August 2021.

The closing date for dividend currency election to the Company's Registrars is 27^th August 2021. 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 29^th July 2021 for definition of default currencies and dividend currency election forms can be found on the company website at https://seplatpetroleum.com/investors/dividend.

          Dated 12^th August 2021.

          Signed:

 Mr. Emeka Onwuka

        (Chief Financial Officer)