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4 August 2017, Limassol, Cyprus

Reference is made to the announcement of 1 August 2017 concerning the completion of SeaBird Exploration PLC's debt restructuring.

As part of completion of the debt restructuring, the board of directors of SeaBird Exploration PLC has resolved to issue 54,389,711 new shares. The new shares will upon registration by the Registrar of Companies in Cyprus be delivered to investors in the VPS, expected to take place on or around 8 August 2017. After the registration of the new shares, the company will have 57,455,145 issued shares, each with a par value of US$0.10.



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