Seplat Petroleum Development : PetDevCom Plc - Director/PDMR Shareholding

USeplat Petroleum Development Company Plc ('SEPLAT' or the 'Company')

UAnnouncement on Notification of Dealing in Shares by a PDMR

Lagos and London - 26 June 2018:

The Company was notified of the sale of 112,378 ordinary shares registered in the name of Mr. Ojunekwu Austin Avuru, the Chief Executive Officer of the Company. Following the sale, Mr. Avuru now holds a directinterest in 1,026,484 ordinary sharesand an indirect interest in74,336, 174 ordinary shares of theCompany totalling 75,362,658 shares which equates to a voting interest of 12.8% (based on Issued Share Capital of 588,444,561).

Further details of the transaction are set out in the attached Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them.

This notification is made in accordance with Rule 12 of the Amendments to the Listing Rules of the Nigerian Stock Exchange and Article 19 of the UK Market Abuse Regulations.

Dr. Mirian Kene Kachikwu

Company Secretary

FOR: SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC.

Details of duly authorised officer of issuer responsible for making notification:

Roger Brown, CFO [phone]

Investor enquiries:

Andrew Dymond, Investor Relations [phone]

Form for Notification and Public Disclosure of Transactions By Persons Discharging Managerial Responsibilities And Persons Closely Associated With Them:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ojunekwu Augustine Avuru
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SEPLAT Petroleum Development Company Plc
b)	LEI	029200711C4S4CB2E982
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Shares (NGSEPLAT0008)
	Identification code
b)	Nature of the transaction	Sale of shares registered in the name of Ojunekwu Austin Avuru
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			NGN719.74 (Average Price)	112,378
d)	Aggregated information
	- Aggregated volume	112,378
	- Price	NGN719.74 (Average Price)
e)	Date of the transaction	Over a period of one month (1st -31st May, 2018)
f)	Place of the transaction	Lagos, Nigeria