Move to special observation

Sequa Petroleum N.V (the "Company") has not published a half-yearly report for the first half of 2017 in accordance with the ABM rules section 3.4.6. The report should have been published no later than 31 August 2017. Oslo Stock Exchange has decided to put the bonds (ticker code: SEQ01 PRO EC, ISIN XS1220076779) issued by the Company on special observation, in accordance with the ABM rules section 5.3.