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2015-12-09

SeaBird Exploration Plc: Consolidation of shares and share issue

9 December 2015, Nicosia, Cyprus:

Reference is made to announcement from SeaBird Exploration Plc ("SeaBird" or
"Company") on 26 November, 2015. As resolved by the Annual General Meeting in
order to ensure that the minimum requirement for more than one registered
shareholder in the local Register of Members of the Company in Cyprus is
maintained after the consolidation, and to make the total number of shares in
issue divisible by ten, the Board of Directors of SeaBird has issued 6,254
new shares in the Company, each at par value. 5,994 of these shares have been
issued to registered nominee Members to the Company and 260 shares have been
issued to DnB Verdipapirservice as VPS registrar. The first day of trading of
the consolidated shares will be 11 December 2015. 1,000 old shares give 1 new
share.

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 Health, Safety, Security, Environment and Quality (HSSEQ), combined
with efficient collection of high quality seismic data. 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 acc. to §5-12 vphl
(Norwegian Securities Trading Act)

For further queries contact:

Dag Reynolds
CEO SeaBird Exploration
Phone: +47 90883737

or

Nils Haugestad
CFO SeaBird Exploration
Phone: +47 22402717

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SeaBird Exploration Plc via Globenewswire

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