Sequa Petroleum N.V. - Notice to Bondholders

London (ots/PRNewswire) - 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 (the First 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.

Under the terms of the First Notice, the Issuer reserved the right to
extend the voting period described in the First Notice at its option.

The Issuer has now given notice (the Second Notice) to the
Bondholders that the voting period described in the First Notice has
been extended to 16:00 p.m. (London time) on 8 April 2016.

A copy of the Second 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


[email protected]

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | PRN

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