Sequa Petroleum N.V.

Sequa Petroleum N.V. - Management Update

Benjamin Lee has concluded his contract as Interim Chief Financial Officer,

and has agreed to continue as a consultant to the Company advising on its

ongoing investor process. Olly Horne, the Company's Interim Financial

Controller, will assume Benjamin Lee's financial responsibilities under the

oversight of the Management Board.

Effective 1 July 2016, Mr Peter Haynes has stepped down as a director and

gone on unpaid leave to focus on his continuing recovery from illness. The

Company wishes Peter well.

About the Company

The Company is an oil and gas company registered in the Netherlands, with

its principal office in London and listed on Euronext Marché Libre. In 2014,

the Company established an operating presence in Kazakhstan, acquiring 75% of

the Aksai licence which has subsequently been drilled and is currently being

evaluated. In 2015, the Company established a presence in Norway, acquiring

Tellus Petroleum Invest AS as a 100% subsidiary.

For more information, please visit http://www.sequa-petroleum.com or

contact:

Jacob Broekhuijsen,

Chief Executive Officer

+44(0)203-728-4450

This is a disclosure announcement from PR Newswire.

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