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.

Enquiries:

San Leon Energy plc
Oisin Fanning, Chief Executive
+ 353 1291 6292

SP Angel Corporate Finance LLP (Nominated adviser to the Company)
Richard Morrison
Richard Hail
Soltan Tagiev
+44 20 3470 0470

Whitman Howard Limited (Financial adviser to the Company)
Nick Lovering
Francis North
+44 20 7659 1234

Brandon Hill Capital Limited (Joint broker to the Company)
Oliver Stansfield
Jonathan Evans
+44 203 463 5000

Vigo Communications (Financial Public Relations)
Chris McMahon
Alexandra Roper
+44 207 830 9700

Plunkett Public Relations
Sharon Plunkett
+353 1 280 7873