Seplat Energy : Corporate Actions Announcement

Corporate Actions Announcement

Lagos and London, 28th February 2022: Seplat Energy Plc ("Seplat" or the "Company"), a leading indigenous Nigerian energy company with a strategic focus on Nigeria, listed on both the Nigerian Exchange Limited ("NGX") and London Stock Exchange ("LSE") , today announces a final dividend at a rate of US$0.025/share (2.5 cents) subject to shareholders' approval at the 2022 Annual General Meeting; payable to Seplat's shareholders whose names appear in the Register of Members as at the close of business on 5th May 2022.

Period Ended	31st December 2021
Dividend Announcement	28th February 2022
Date
Dividend	A Final Dividend of US$0.025 (2.5 Cents) per Ordinary Share of	N	0.50k each, (subject
	to appropriate withholding tax and shareholders' approval) will be paid to
	shareholders whose names appear in the Register of Members as at the close of
	business on 5th May 2022.
Closure of Register	To enable Seplat's Registrar, Datamax Registrars Limited, prepare for the payment of
	the final dividend, the Register of Shareholders will be closed on 6th May 2022.
Qualification Date	Close of Business on 5th May 2022.
	Note that on the LSE: The Associated Record Date will be 5th May 2022 and the Ex-
	Dividend date will be 29th April 2022.
Dividend Currency	The default currency and options on currency election for the dividend will depend as
	follows:
	•	Shareholders holding their shares on the NGX without a valid Nigerian
		Certificate for Capital Importation ("CCI") will be paid their dividend in Naira
		as the default currency;
	•	Shareholders holding their shares on the NGX with a valid CCI will be paid
		their dividend in US dollars as the default currency. However, those
		shareholders may instead elect to receive their entire dividend payment in
		Naira (partial elections are not permissible). Evidence of the CCI must be
		provided to Datamax Registrars Limited; and
	•	Shareholders holding their shares through depository interests on the LSE will
		be paid their dividend in US dollars as the default currency. However, those
		shareholders may instead elect to receive their entire dividend payment in
		pounds sterling. Partial elections are not permissible.
Shareholders Options	Shareholders who have a dividend currency option, must make the election to the
	Company's Registrars by 18th May 2022, otherwise the dividend will be paid in the
	default currency. The election form will be sent out to the relevant shareholders and
	can	also	be	found	on	the	company	website
	athttps://seplatpetroleum.com/investor-centre/corporate-
	governance/dividends. Those shareholders holding their shares on the NGX who

	hold a valid CCI should notify Seplat's Nigerian Registrars, DataMax Registrars Limited
	("DataMax"), of that fact.
Determination of Exchange	The exchange rate for the Naira or Pounds Sterling amounts payable will be
Rate	determined by reference to the relevant exchange rates applicable to the US dollar
	on 29th April 2022 and will be communicated by the Company on 5th May 2022.
Payment Date	On or around 25th May 2022, the final dividend will be paid electronically to
	shareholders whose names appear on the Register of Members as at 5th May 2022,
	and who have completed the e-dividend registration and mandated the Registrar to
	pay their final dividend directly into their Bank accounts.
E-Dividend Registration	Shareholders who are yet to complete the e-dividend registration are advised to
	download the Registrar's E-DividendMandate Activation Form, which is also available
	on:http://www.datamaxregistrars.com/images/forms/seplate_e-
	mandate%20form.pdf, complete and submit to the Registrar or their respective
	Banks. Holders of shares through depositary interests on the LSE should please
	provide their account details to the Company's UK depositary, Computershare.
	DataMax Registrars Limited	Computershare
	2c Gbagada Expressway	The Pavillions
	By Beko Ransom Kuti Park	Bridgewater Road
	Gbagada, Lagos	Bristol
	Nigeria	BS13 8AE, United Kingdom
	Fax: + 234 1 712 0012	Fax: [phone]
	Web:www.datamaxregistrars.com	Web:www.computershare.com
	Email: [e-mail]	Telephone: [phone]
Unclaimed Dividend	Shareholders with dividend warrants and share certificates that have remained
Warrants and Share	unclaimed or are yet to be presented for payment or returned for validation are
Certificates	advised to complete the e-dividend registration or contact the Registrar.
Date of AGM	The Company's Annual General Meeting will be held in Lagos on Wednesday, 18th
	May 2022 at 11.00am.
Enquiries	Enquiries on opening of account and payment of dividend should be directed to the
	appropriate Registrar.
	For all other enquiries, kindly contact:
	Seplat Energy Plc
	Emeka Onwuka, CFO
	Edith Onwuchekwa, Director Legal/Company Secretary
	Carl Franklin / Ayeesha Aliyu - Investor Relations
	Phone: [phone]
	Email:[e-mail]
	FTI Consulting
	Ben Brewerton / Sara Powell
	Phone: [phone]
	Email:[e-mail]

Summary of Key Dates

28 February 2022	Dividend announcement date
29th April 2022	London Stock Exchange: Ex-Dividend Date
	Date for determining foreign exchange rate
5 May 2022	Nigerian Exchange Limited: Qualification date
	London Stock Exchange: Associated Record Date
	Foreign exchange rates will be communicated to shareholders
6 May 2022	Nigerian Exchange Limited: Register Close Date
18 May 2022	Closing date for election to the Company's Registrars of foreign exchange rates
18 May 2022	Annual General Meeting
25 May 2022	Dividend Payment Date

Dated this 28th day of February 2022

Signed:

Mr. Emeka Onwuka

Chief Financial Officer