28 April 2017

San Leon Energy plc

("San Leon" or the "Company")

Settlement with Avobone

Further to the announcement on 08 November 2016, San Leon announces that, under the terms of the Avobone settlement, a period of two weeks following a payment date is provided for San Leon to complete this payment. San Leon has agreed with Avobone that payment will be made during this period. No other terms of the agreement have been amended.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Directors' Responsibility Statement

The Directors of San Leon accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

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