Seplat Energy PLC

Director's Dealing • Aug 31, 2018

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RNS Number : 4493Z

SEPLAT Petroleum Development Co PLC

31 August 2018

Seplat Petroleum Development Company Plc

("Seplat" or the "Company")

Announcement on Notification of Dealing in Shares by a PDMR

Lagos and London - 31 August 2018:

The Company was notified of the Sale of 95,238 ordinary shares registered in the name of Lexican Consulting Limited, a Company wholly owned by Mr. Michael Richard Alexander, a Senior Independent Non-Executive Director of the Company which was purchased by Mr. Michael Richard Alexander in his personal capacity.

The above transaction has not resulted in a change of beneficial ownership, with Mr. Alexander continuing to hold a direct interest in 115,238 ordinary shares which equates to a voting interest of 0.019% (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 EU 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                                                        +44 (0) 203 725 6500

Investor enquiries:

Andrew Dymond, Investor Relations                        +44 (0) 203 725 6500

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	Michael Richard Alexander
2	Reason for the notification
a)	Position/status	Senior Independent Non-Executive Director
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 Lexican Consulting Limited and Purchase of same volume of Shares registered in the name of Mr. Michael Richard Alexander
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		136p/share (Average Price)	95,238
d)	Aggregated information
- Aggregated volume	95,238
- Price	136p/share (Average Price)
e)	Date of the transaction	29th August 2018
f)	Place of the transaction	London, United Kingdom

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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