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Oslo, 20 August 2018

Reference is made to the stock exchange announcement dated 15 August 2018 regarding the result of the subsequent offering (the "Subsequent Offering") where SeaBird Exploration Plc ("SeaBird" or the "Company") allocated 156,250,000 new shares (the "Offer Shares").

The share capital increase pertaining to the Subsequent Offering has now been registered in the Cyprus Company Register and in the Norwegian Central Securities Depository. The number of ordinary shares in the Company is now 2,833,205,145 each with a nominal value of USD 0.001.

The Offer Shares will be delivered to the investors and admitted to trading on 21 August 2018.

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.

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

For further information, please contact:

Hans Petter Klohs
CEO SeaBird Exploration
Phone: +47 22402718

or

Nils Haugestad
CFO SeaBird Exploration
Phone: +47 22402717