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4 June, 2012. Nicosia, Cyprus:

Reference is made to announcement from SeaBird Exploration Plc ("SeaBird" or "Company") on 30 May, 2012.

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 57 new shares in the Company, each at par value. 54 of these shares have been issued to registered nominee Members to the Company and three shares have been issued to DnB Verdipapirservice as VPS registrar.

The shares in SeaBird will be traded ex reverse split as from 5 June, 2012.

10 old shares give 1 new share.

 
 
For further queries contact:
Dag Reynolds
CEO SeaBird Exploration
Phone: +47 90883737

Nils Haugestad
CFO SeaBird Exploration
Phone: +971 4 427 1700
 

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 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.