Schedule 1 - Sirius Petroleum Plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Sirius Petroleum plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

42 Berkeley Square

London W1J 5AW

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.siriuspetroleum.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Sirius Petroleum plc is currently an AIM Investing Company. Sirius entered into a Joint Operating Agreement in relation to the Ororo Field in Nigeria in which the Company has an economic interest. The entry into the JOA marks the transition of the Company from an investing company to an operating company and as such the Company is completing a Reverse Takeover under Rule 14.

Following Shareholder approval of the Reverse Takeover, Sirius will be an oil and gas exploration and production company with a 40% economic and participating (subject to consents, including ministerial approval) interest in the Ororo Field in Nigeria.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

 3,565,465,801 Ordinary Shares of 0.25 pence each at an issue price of 1 pence per share

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

£7.237 million in total.

£3.940 million conditional on shareholder approval of the reverse takeover.

£3.297 million will be raised ahead of the shareholder meeting using the company's existing authorities to allot shares and not conditional on shareholder approval.

Market capitalisation at Admission at the issue price is £35,559,658.

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

2.45%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

n/a

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Directors:

Jack Pryde, Chairman

Olukayode Olufemi (Bobo) Kuti, CEO

Christopher John Neal, NED

Proposed Directors:

Mark Norcott Graham Henderson, CFO

Toby Jonathan Hayward, NED

Simon John Lindsay Hawkins, NED

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Name Before After

Admission Admission

Barclays Direct Investing Nominees Limited Client1 ACCT 10.66% 7.44%

Hargreaves Lansdown (Nominees) Limited 15942 ACCT 9.08% 6.33%

Spreadex Limited 5.52% 3.85%

TD Direct Investing Nominees (Europe) Limited SMKTISAS ACCT 4.66% 3.25%

James Capel (Nominees) Limited PC ACCT 4.32% 3.02%

JIM Nominees Limited Jarvis ACCT 3.86% 4.02%

Vidacos Nominees Limited IGUKCLT ACCT 3.31% 3.23%

Hargreaves Lansdown (Nominees) Limited HLNOM ACCT 3.17% 2.47%

W B Nominees Limited 3.03% 2.44%

KKCLT ACCOUNT 0.51% 3.02%

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

N/A

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) 30 June 2017

(iii) 30 June 2018, 30 September 2018, 30 June 2019

EXPECTED ADMISSION DATE:

19 December 2017

NAME AND ADDRESS OF NOMINATED ADVISER:

Cantor Fitzgerald Europe Limited

One Churchill Place

Canary Wharf

London E14 5RB

NAME AND ADDRESS OF BROKER:

Cantor Fitzgerald Europe Limited

One Churchill Place

Canary Wharf

London E14 5RB

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The Admission Document will be available at www.siriuspetroleum.com and this will contain full details about the applicant and the Admission of its securities.

DATE OF NOTIFICATION:

30 November 2017

NEW/ UPDATE:

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