Circular

The Commission’s attention has been drawn to the recent reports in the media regarding Seplat Energy Plc (Seplat), a public company listed on the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE).

In line with its core mandate of investor protection, the Commission has sought and obtained explanations from Seplat through its Board of Directors and from the NGX, the primary exchange on which it is listed. The Commission notes that the Board has remained united and that the reported events have not affected the fundamentals of Seplat. However, the Commission encourages the Board to continue effective dialogue with all stakeholders in dealing with the issues.

The Commission will continue to work with the Board of Seplat to monitor the situation and take effective measures to preserve the integrity and transparency of the capital market.

Signed

Management

March 28, 2023