SEPLAT ENERGY : RESULTS OF 11TH AGM HELD ON 16 MAY 2024

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

Results of the Eleventh Annual General Meeting

Lagos and London, 17 May 2024: Seplat Energy PLC announces that at its Annual General Meeting held virtually via https://www.seplatenergy.com/agm-2024/yesterday, Thursday, 16 May 2024, all resolutions set out in the Notice of the Annual General Meeting put to the Shareholders were duly passed by the requisite majority.

The results of each resolution voted by way of poll, including proxy votes lodged with the Company's Registrars, are set out below:

					Votes FOR	Votes AGAINST	Votes	Total Votes Cast
									Withheld/	(excluding Votes
									Abstain	Withheld/Abstain)
					Number	% of	Number	% of	Number	Number	% of ISC
					of shares	shares	of shares	shares	of shares	of shares
	RESOLUTIONS				voted		voted		For & Against
1.	Resolution 1: To receive the Audited
	Financial Statements of the Company
	for the year ended 31 December 2023,	303,969,252	100.00%	Nil	Nil	Nil	303,969,252	51.66%
	together with the Reports of the
	Directors, Auditors and the Statutory
	Audit Committee thereon.
2.	Resolution 2: To declare a final
	dividend recommended by the Board
	of Directors of the Company in respect	307,446,996	100.00%	Nil	Nil	Nil	307,446,996	52.25%
	of the financial	year	ended 31
	December 2023.
3.	Resolution	3:	To	re-appoint
	PriceWaterhouseCoopers ("PWC") as
	Auditors of the Company from the			Noted by Shareholders
	conclusion of this meeting until the
	conclusion of the next general meeting
	of the Company at which the
	Company's Annual Accounts are laid.
4	Resolution 4: To authorise the Board
	of Directors	of	the Company to	307,385,471	100.00%	Nil	Nil	Nil	307,385,471	52.24%
	determine	the	Auditors'
	remuneration.
5.	Resolution 5a: To approve the
	appointment	of	the	following
	Directors:
	5(a)(i): To approve the appointment of	307,435,672	100.00%	Nil	Nil	Nil	307,435,672	52.25%
	Mr. Christopher Okeke as a Director of

the Company;

5(a)(ii): To approve the appointment

of Mr. Udoma Udo Udoma as a

307,430,566

100.00%

Nil

Nil

Nil

307,430,566

52.24%

Director of the Company;

5(a)(iii): To approve the appointment

of Mr. Babs Omotowa as a Director of

307,382,294

100.00%

Nil

Nil

Nil

307,382,294

52.24%

the Company;

5(a)(iv): To approve the appointment

of Mrs. Eleanor Adaralegbe as

an

307,377,298

99.99%

100

0.00%

Nil

307,377,398

52.24%

Executive Director of the Company;

Resolution 5b: To re-elect

the

following Directors who are eligible for

retirement by rotation

5(b)(i): To re-appoint

Dr.

Emma

FitzGerald as a Director of

the

307,427,553

100.00%

Nil

Nil

Nil

307,427,553

52.24%

Company;

5(b)(ii): To re-appoint Mrs. Bashirat

Odunewu as a Director of

the

307,430,544

100.00%

Nil

Nil

Nil

307,430,544

52.24%

Company;

6.

Resolution

6:

To

disclose

the

Noted by Shareholders

remuneration of

managers

of

the

Company.

7

Resolution 7: To elect the shareholder

This was done by electronic voting to represent show of hands in line with the section 249(3) of the

representatives of the Statutory Audit

Companies and Allied Matters Act 2020 provisions. Members of the Statutory Audit Committee

Committee (Please see note 7).

comprising three (3) Shareholders elected representatives and two (2) Board nominated representatives

were approved as follows: (a) Mr. Abayomi Adeyemi (Shareholder Representative); (b) Mrs Hauwa Umar

(Shareholder Representative); (c) Mr. Nornah Awoh (Shareholder Representative); (d) Mrs. Bashirat

Odunewu (Board Representative); and (e) Mr. Kazeem Raimi (Board Representative).

8

Resolution

8:

To

approve

the

Remuneration

Section

of

the

Directors'

Remuneration

Report

set

out in the Annual Report and Accounts

307,423,469

100.00%

Nil

Nil

Nil

307,423,469

52.24%

for the year ended 31 December 2023

(including

the

forward-looking

Remuneration Policy).

Notes:

1. Further to the signing into law of the Business Facilitation (Miscellaneous Provisions) Act 2022, which allows public companies to hold meetings electronically, this AGM was held virtually. The virtual meeting link for the AGM is https://www.seplatenergy.com/agm-2024/ The virtual meeting is available on the Company's website at "www.seplatenergy.com".
2. In accordance with the Company's articles of association, on a poll every member present in person or by proxy has one vote for every share held. There were no restrictions on shareholders to cast votes on any of the resolutions proposed at the AGM.
3. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" any resolution nor in the calculation of the proportion of "Percentage of ISC voted" for any resolution.
4. The percentage of votes "For" and "Against" any resolution is expressed as a percentage of votes validly cast for that resolution.
5. In accordance with Section 401 of CAMA, 2020, the retiring Auditor shall be re-appointed without passing a resolution.
6. In accordance with Section 257 of CAMA 2020, full details on the compensation of managers of the Company, set out on page 132 of the 2023 Annual Report was disclosed to the members at the Annual General Meeting.

1. In accordance with Section 404 (3) to (6) of the Nigerian Companies and Allied Matters Act (CAMA) 2020, the election of the statutory Audit Committee shareholder representative members is conducted by a show of hands at the AGM rather than by poll and proxy.
2. The Issued Share Capital ("ISC") at the time of the Annual General Meeting was 588,444,561 shares denominated in Naira of 50 kobo per share. The proportion of "Percentage of ISC voted" for any resolution is the total of votes "For" and "Against" in respect of that resolution expressed as a percentage of the ISC.
3. In accordance with LR 9.6.2, copies of the relevant ordinary and special resolutions passed at the meeting have been submitted to the FCA's National Storage Mechanism and will shortly be available to view athttp://www.morningstar.co.uk/uk/NSM. The full text of the resolutions passed at the Annual General Meeting can be found in the Notice of Annual General Meeting, which is available for inspection at the National Storage Mechanism and also on the Company's website at http://www.seplatenergy.com.
4. • Ends -

Mrs. Edith Onwuchekwa

Director, Legal/Company Secretary

FOR: SEPLAT ENERGY PLC.

Enquiries
Seplat Energy Plc	[phone]
Eleanor Adaralegbe, CFO Designate
Edith Onwuchekwa, Director Legal /Company Secretary
James Thompson, Head of Investor Relations
Chioma Afe, Director, External Affairs and Social Performance
FTI Consulting
Ben Brewerton / Chris Laing	[phone]

[e-mail]

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, https://seplatenergy.com/