Seplat Energy Plc

The material contained in this report is the property of NOVA Merchant Bank Limited (NOVAMBL) and may not be reproduced in any way without express authorization.

The statements and statistics contained herein have been prepared by NOVAMBL Research based on information from sources considered to be reliable. We make no representation or warranty, as to its accuracy or completeness. Customers relying on this information either in part or in whole to make their business decisions agree to do so at their own risk and shall not hold NOVAMBL liable for any loss or undesirable outcomes incurred there from. This publication is for the information of investors and businesspersons and does not constitute an offer to sell or a solicitation to buy securities.