TIDMSEPL

RNS Number : 2285X

SEPLAT Petroleum Development Co PLC

08 August 2018

USeplat Petroleum Development Company Plc ("SEPLAT" or the "Company")

UAnnouncement on Notification of Dealing in Shares by a PCA

Lagos and London - 08 August 2018:

The Company was notified of the Purchase of 900,000 ordinary shares registered in the name of Pursley Resources Limited ("Pursley"), a Company owned by the wife of Dr. A.B.C Orjiako, Chairman of the Company. Following the purchase, Pursley now holds a direct interest in 900,000 ordinary shares in the Company which equates to a voting interest of 0.15% (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                                    Pursley Resources Limited 
      --------------------------------------  ------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status 
      --------------------------------------  ------------------------------------------- 
 b)    Initial notification                    Initial notification 
        /Amendment 
      --------------------------------------  ------------------------------------------- 
 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                      Ordinary Shares 
        financial instrument, 
        type of instrument 
 
       Identification code                     NGSEPLAT0008 
 
 b)    Nature of the transaction               Purchase of shares registered in 
                                                the name of Pursley Resources Limited 
      --------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                              --------------------  ------------------- 
                                               Price(s)              Volume(s) 
                                              --------------------  ------------------- 
                                               NGN711.10             900,000 
                                              --------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                          900,000 
 
  - Price                                      NGN711.10 
 
 e)    Date of the transaction                 11P(th) P June, 2018 
      --------------------------------------  ------------------------------------------- 
 f)    Place of the transaction                Lagos, Nigeria 
      --------------------------------------  -------------------------------------------

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 rns@lseg.com or visit www.rns.com.

END

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