Investor Presentaiton

VALUE CREATION STRATEGY 4: ACQUIRE ASSETS Example: acquisition of Eland diversified production and export routes, added significant exploration expertise and potential OML40 ESCRAVOS FORCADOS BRASS Ubima PORT HARCOURT BONNY 20 SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATION INCREASES RESERVES INCREASES PRODUCTION > Eland adds 41MMbbls WI 2P reserves > High-quality Amobe prospect with potential for 78MMbbls, to be drilled when appropriate ADDS EXPORT ROUTES > Eland adds substantial production not dependent on Trans Forcados Pipeline > Potential for new offshore export route to combine OML40 and OML 4,38,41 production IMPROVES CASH FLOW 鱼 › Acquired right to be repaid $414m Westport loan › Repayment schedule agreed for 2022-24 > Underpins future Group cash flows > OML 40 adds c11Kbod 底 > Diversifies Seplat's production base > New Gbetiokun wells being drilled to boost production ENHANCES EXPERTISE •C > Eland brings significant technical > and exploration expertise Aberdeen base being developed as Seplat Technical Centre OTHER OPPORTUNITIES › Acquire new OMLS / marginal fields from Nigerian government › Acquire assets divested by IOCS › Acquire distressed operators IIII Jo

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