Serinus Energy PLC — Audit Report / Information 2017

May 31, 2018

Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name				Serinus Energy Inc.
Reporting Year	From	2017-01-01	To:	2017-12-31	Date submitted	2018-05-30
Reporting Entity ESTMA Identification Number	E902569		Original Submission Amended Report
Other Subsidiaries Included (optional field)
Not Consolidated
Not Substituted
Attestation by Reporting Entity
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
Full Name of Director or Officer of Reporting Entity		Tracy Heck			Date	2018-05-30
Position Title		Chief Financial Officer

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year Reporting Entity Name Reporting Entity ESTMA Identification Number Subsidiary Reporting Entities (if necessary)	From:	2017-01-01	To: Serinus Energy Inc. E902569	2017-12-31		Currency of the Report	USD
Payments by Payee
Country	Payee Name	Departments, Agency, etc… within Payee that Received Payments	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure Improvement Payments	Total Amount paid to Payee	Notes
Tunisia	Trésor public			580,000						580,000	Royalties include crude oil royalties paid in kind that have been valued at the fair market sale price at the time of payment.
Tunisia	Enerterprise Tunisieene D'Activities Petroliere (ETAP)				420,000					420,000
Additional Notes:	All payments are reported in United States Dollars (the reporting currency of the reporting entity) and converted at the Tunisian Dinar exchange rate at the time the payment is made. The average Tunisian Dinar to United States Dollar exchange rate for the year was 0.42:1. All payments within the \$100,000CAD per payee reporting threshold have been included within the above USD balances.

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year Reporting Entity Name Reporting Entity ESTMA Identification Number Subsidiary Reporting Entities (if necessary)	From:	2017-01-01	To: Serinus Energy Inc. E902569	2017-12-31		Currency of the Report	USD
Payments by Project
Country	Project Name	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure Improvement Payments	Total Amount paid by Project	Notes
Tunisia	Sabria		530,000	420,000					950,000	Royalties include crude oil royalties paid in kind that have been valued at the fair market sale price at the time of payment.
Tunisia	Chouech Es Saida		50,000						50,000	Royalties include crude oil royalties paid in kind that have been valued at the fair market sale price at the time of payment.
					All payments are reported in United States Dollars (the reporting currency of the reporting entity) and converted at the Tunisian Dinar exchange rate at the time the payment is made. The average Tunisian Dinar to United States Dollar exchange rate for the year was 0.42:1.
Additional Notes:		All payments within the \$100,000CAD per payee reporting threshold have been included within the above USD balances.