Sequa Petroleum N.V. - Management Update

PR65032

LONDON, July 6 /PRNewswire=KYODO JBN/ -

Benjamin Lee has concluded his contract as Interim Chief Financial Officer, and

has agreed to continue as a consultant to the Company advising on its ongoing

investor process. Olly Horne, the Company's Interim Financial Controller, will

assume Benjamin Lee's financial responsibilities under the oversight of the

Management Board.

Effective 1 July 2016, Mr Peter Haynes has stepped down as a director and gone

on unpaid leave to focus on his continuing recovery from illness. The Company

wishes Peter well.

About the Company

The Company is an oil and gas company registered in the Netherlands, with its

principal office in London and listed on Euronext Marche Libre. In 2014, the

Company established an operating presence in Kazakhstan, acquiring 75% of the

Aksai licence which has subsequently been drilled and is currently being

evaluated. In 2015, the Company established a presence in Norway, acquiring

Tellus Petroleum Invest AS as a 100% subsidiary.

For more information, please visit http://www.sequa-petroleum.com or contact:

Jacob Broekhuijsen,

Chief Executive Officer

+44(0)203-728-4450

info@sequa-petroleum.com

SOURCE: Sequa Petroleum N.V.