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Oslo, 2 February 2018

Reference is made to stock exchange announcement from SeaBird Exploration PLC ("the Company") dated 15 September 2017 related to the issue of 1,000,000,000 class A shares in a private placement and to stock exchange announcement dated 27 December 2017 related to the issue of 50,000,000 class A shares in a subsequent offering.

As set out in said announcements and in the Company's prospectus dated 4 December 2017, the class A shares will be automatically converted to ordinary shares at a rate of 1 class A share to 1 ordinary share upon the effective completion of a reduction of the Company's authorized and issued share capital, through the reduction of the nominal value of the ordinary shares from US$ 0.1 to US$ 0.001 per share. The share capital reduction is now completed, with the effect that the nominal value of the Company's ordinary shares is US$ 0.001. Consequently, the 1,050,000,000 class A shares have been converted to ordinary shares, and will be transferred to the Company's ordinary ISIN and listed on the Oslo Stock Exchange under the ticker "SBX" with effect from 5 February 2018.

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

ENDS
 
For additional information, please contact:
 
Christophe Debouvry
CEO SeaBird Exploration
Phone: +47 22402705   
 
Nils Haugestad
CFO SeaBird Exploration
Phone: +47 22402717   
 
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.