PUBLIC STATEMENT. Re: Change on the Board of Seplat Energy Plc. – Mr. Austin Avuru.

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Our attention has been drawn to a publication issued by seplat energy plc. (Seplat energy/the company) on December 23, 2021, clearly designed to malign mr. Austin Avuru (our client) and well circulated on both the mainstream and social media. By the publication, Seplat Energy announced the termination of the contract of appointment of our client as it’s non executive Director on December 22, 2021 due to alleged breaches of the company’s corporate governance policies and his fiduciary duties, and further called for his resignation as a director of Seplat Energy.

Our client had taken a dignified position on the issues leading to the ill advised action. This is clearly evidenced by Seplat Energy’s letter dated January 9, 2021 confirming our client’s dignified position and urging our client to act with confidentiality, which is customary to our client’s impeccable character.

In a dramatic summersault and by letter dated December 22,2021, received by our client at about 6pm, Seplat Energy purports to terminate the appointment of our client from the board. This was followed by a public announcement the next morning without as much even giving our client the opportunity to respond to a letter, content of which were otherwise grossly mischievous.

The company’s ostensible intent to terminy the services of our client and the subsequent publication was simply to play public gallery. It’s real object was to do incalculable damage to our client’s hard earned reputation.

We will immediately respond to the fictitious allegations and reserve our client’s right.

The general public is hereby advised to discountenance Seplat Energy’s publication of December 23, 2021.

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