Sequa Petroleum N.V. - Capital/Financing Update 2016

Sequa Petroleum N.V. - Notice to Bondholders

Notice to holders (the Bondholders) of US$300,000,000 5.00 per cent

convertible bonds due 2020 (of which US$204,400,000 in principal amount remain

outstanding) (ISIN: XS1220076779) (the Bonds) issued by Sequa Petroleum N.V.

(the Issuer ).

Notice (the First Notice) has been given to the Bondholders in connection

with the Issuer's request for Bondholder approval to amend by way of written

resolution the terms and conditions of the Bonds for the purposes of

facilitating the issuance of further bonds by the Issuer and its subsidiary,

Tellus Petroleum AS, to finance the acquisition of certain interests in the

Gina Krog oil field located on the Norwegian continental shelf.

Under the terms of the First Notice, the Issuer reserved the right to

extend the voting period described in the First Notice at its option.

The Issuer has now given notice (the Second Notice) to the Bondholders

that the voting period described in the First Notice has been extended to

16:00 p.m. (London time) on 8 April 2016.

A copy of the Second Notice is available on Sequa Petroleum N.V.'s website

at: http://www.sequa-petroleum.com

Contacts:

Jacob Broekhuijsen,

Chief Executive Officer

+44(0)203-728-4450

Notice to bondholders is in the attachments.

This is a disclosure announcement from PR Newswire.

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