Investor Presentaiton

H1 2020 FINANCIAL HIGHLIGHTS Cash balance increases, NPDC receivables fall, capex increased, 2019 final dividend paid REVENUES 34% US$234 million Impact of COVID-19 and oil price fall H1 2019: $355 million LOSS BEFORE DEFERRED TAX 221% US$145 million Loss results from IAS36 impairment H1 2019: $120 million profit CASH AT BANK 3% US$343 million Cash balance strong and increasing FY 2019: $333 million OPERATING COSTS 40% US$7.60 boe Includes OML40/Ubima export cost H1 2019: $5.41/boe EBITDA 48% US$115 million After adjusting for impairment H1 2019: $223 million NET DEBT = US$457 million Includes $799m gross debt FY 2019: $456 million GAS SALES REVENUE 26% US$54 million 23% of Group revenues H1 2019: $72 million 44 SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATION CAPITAL INVESTMENT 206% US$86 million Increased despite market uncertainty H1 2019: $28 million NPDC RECEIVABLES 22% US$174 million Good management of receivables FY 2019: $222 million

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