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Cyprus, 20 March 2012
 
Reference is made to the stock exchange notices dated 9 December 2011 and 18 November 2011 published by SeaBird Exploration PLC (the "Company") regarding the Private Placement (the "Private Placement") of New Shares.
 
The Financial Supervisory Authority of Norway has on 20 March 2012 approved the following prospectus (the "Prospectus"):
 
Listing of 139,363,892 New Shares in SeaBird Exploration PLC issued in connection with a private placement completed on 16 December 2011 at a subscription price of NOK 0.25 per New Share.
 

The Prospectus can be downloaded from www.seabird.no, www.abgsc.no, www.fearnleyfonds.no .

All of the 139,363,892 New Shares delivered to the subscribers in the Private Placement have been registered on a separate ISIN (being ISIN CY101162119) pending approval of the Prospectus and will assume the Company's ordinary ISIN and be listed and tradable on Oslo Børs from and including 21 March 2012.

For further queries contact:
Jan-Eivind Fondal
CEO SeaBird Exploration

Phone: +47 46886200

SeaBird Exploration PLC 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 specialises 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 pursuant to section 5-12 of the Norwegian Securities Trading Act.