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Reference is made to the announcements of 24 May 2018 concerning the issue of 937,500,000 new shares (the "New Shares") of SeaBird Exploration PLC in a private placement (the "Private Placement").  

The deposit receipts for the 937,500,000 New Shares have been issued and will be delivered today through the VPS by the Company's VPS registrar. Consequently, the Company has 2,044,955,145 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 tradeable 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 and SpareBank 1 Markets 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.