Sequa Petroleum N.V. - Notice to Bondholders

LONDON, March 24, 2016 /CNW/ - 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 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.

A copy of the Notice is available on Sequa Petroleum N.V.'s website at: http://www.sequa-petroleum.com

SOURCE Sequa Petroleum N.V.

Contacts: Jacob Broekhuijsen, Chief Executive Officer, [phone], [email protected]