SeaBird Exploration Plc: Share capital increase registered

Reference is made to the announcement from Seabird Exploration Plc (the “Company”) on 30 June 2021 regarding the issue of 7,000,000 new shares upon completion of a private placement of shares. The new shares under the private placement has now been registered with the relevant Cyprus Register. The Company's new registered share capital is USD 6,789,314 divided on 33,946,570 shares, each with a nominal value of USD 0.20 per share.

For further queries contact:

Erik von Krogh
CFO
Mob: +47 930 38 075

All statements in this press release other than statements of historical fact are forward-looking statements and are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include SeaBird`s reliance on a cyclical industry and the utilization of the company's vessels. Actual results may differ substantially from those expected or projected in the forward-looking statements.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.