Release details

2018-08-06 08:00 CEST
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SeaBird Exploration: delivery of new shares

6 August 2018, Limassol, Cyprus

Reference is made to the announcements of 11 July 2018 concerning the issue of 632,000,000 new shares (the "New Shares") of SeaBird Exploration Plc in a private placement (the "Private Placement").

The deposit receipts for the 632,000,000 New Shares have been issued and will be delivered today through the VPS by the Company's VPS registrar. Consequently, the Company has 2,676,955,145 issued shares, each with a par value of US$0.001.

The New Shares will be delivered on a separate ISIN, and will not be tradable on Oslo Stock Exchange until approval of a listing prospectus. Until the time of approval of the listing prospectus, all shares of the Company, including the New Shares, have the same rights related to voting and dividends.

ABG Sundal Collier ASA, Fearnley Securities AS and SpareBank 1 Markets AS have
acted as Joint Lead Managers and Bookrunners in the Private Placement.
Advokatfirmaet Schjødt AS acts as Norwegian legal counsel to the Company.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. About Seabird Exploration: SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main focus for the company is proprietary seismic surveys (contract seismic). Main success criteria for the company are an unrelenting focus on Quality, Health, Safety and Environment (QHSE), combined with efficient collection of high quality seismic data.

HUG#2209272