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Investor Presentaiton

ANOH COMMERCIAL STRUCTURE One of Nigeria's Strategic Gas Projects UPSTREAM OML 21 JV ATIONAL PETROL 27.5% 15.0% Eni TOTAL 5.0% 2.5% MIDSTREAM OML 53 JV DOWNSTREAM NATIONAL ETROLE seplat seplat GAS TION CORPORA 30.0% 20.0% 50% of upstream wet gas production LIMITED 50.0% # SA 50.0% Shareholders Domestic Gas Regional Gas COMMERCIAL AGREEMENTS > Wet gas sales Wet gas purchased from upstream unit Condensate Export AGAC MARKETED PRODUCTS COMMERCIAL AGREEMENTS > Shareholder Agreement > Share Subscription Agreement (SSA) > Construction contracts > Secondment Agreement LPG Sold COMMERCIAL AGREEMENTS > Gas sales & purchase (250 MMscfd) > Crude off-take > LPG sales & purchase > Crude handling & transport 33 SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATION
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