Investor Presentaiton

$m 47 CASH GENERATION STRENGTHENS BALANCE SHEET Strong cash generation and diligent management of Group liquidity 600 500 400 300 326.3 200 100 10.0 4.7 2.0 1.8 176.2 Hedging strategy of put options to Hedge provide cash flow assurance Q3 2020 Amount 1.5 MM bbl Price $45 Q4 2020 1.5/0.5 MM bbl $30/$35 Q1 2021 1.0 MM bbl $30 -86.0 -30.0 Oil $63m Gas $20m -38.3 329.8 -26.5 -10.4 Cash at 31/12/19 Cash from (excl. restricted operations Proceeds from loans OML55 receipts FX gains Interest received Capex AGPC investment cash) Interest, finance charges Dividend paid Income tax SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATION Cash at 30/6/20 (excl. restricted cash)

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