Practice Statement Letter

PRACTICE STATEMENT LETTER

13 October 2016

To:     Deutsche Trustee Company Limited as trustee for the holders of the High Yield Notes (as defined below) (the "High Yield Notes Trustee")

To:     The High Yield Noteholders (as defined below)

To:     The Depository Trust Company ("DTC") as the registered holder of the High Yield Notes (the "High Yield Notes Registered Holder")

To:     Cede & Co as nominee for the High Yield Notes Registered Holder (the "High Yield Notes Registered Holder Nominee")

To:     U.S. Bank Trustees Limited as trustee for the holders of the Retail Notes (as defined below) (the "Retail Notes Trustee")

To:     Société Générale Bank and Trust as common depositary for Euroclear and Clearstream, Luxembourg (each, as defined below) in respect of the Retail Notes (the "Retail Notes Depositary")

To:     The Retail Noteholders (as defined below)

To:     Euroclear UK & Ireland Limited (or its nominee) in its capacity as the holder (through its account(s) in Euroclear) of underlying Retail Notes which are represented by depositary interests in CREST

Cc:     Lucid Issuer Services Limited as information agent of the Company (as defined below) (the "Information Agent")

THIS LETTER CONCERNS MATTERS WHICH MAY AFFECT YOUR LEGAL RIGHTS AND ENTITLEMENTS AND YOU MAY THEREFORE WISH TO TAKE APPROPRIATE LEGAL ADVICE ON ITS CONTENTS

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/4344M_-2016-10-13.pdf 

Yours faithfully

EnQuest PLC