Sequa Petroleum N.V. - Notice to Bondholders

PR63884

LONDON, Mar. 24 /PR Newswire=KYODO JBN/ --

Notice to holders (the Bondholders) of US$300,000,000 5.00 per cent convertible

bonds due 2020 (of which US$204,400,000 in principal amount remain outstanding)

(ISIN: XS1220076779) (the Bonds) issued by Sequa Petroleum N.V. (the Issuer).

Notice has been given to the Bondholders in connection with the Issuer's

request for Bondholder approval to amend by way of written resolution the terms

and conditions of the Bonds for the purposes of facilitating the issuance of

further bonds by the Issuer and its subsidiary, Tellus Petroleum AS, to finance

the acquisition of certain interests in the Gina Krog oil field located on the

Norwegian continental shelf.

A copy of the Notice is available on Sequa Petroleum N.V.'s website at:

http://www.sequa-petroleum.com

Contacts:  

Jacob Broekhuijsen, Chief Executive Officer +44(0)203-728-4450

info@sequa-petroleum.com

SOURCE: Sequa Petroleum N.V.