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24 June 2018, Limassol, Cyprus

The Board of Directors of SeaBird Exploration PLC (the "Company") announce that Hans Petter Klohs is appointed as new CEO of the Company. The appointment takes effect as of 24 June 2018.

Mr Klohs has extensive senior executive management experience from Norwegian publicly listed entities in both oil service and oil & gas. Previous senior positions include serving as CFO and later as CEO in GC Rieber Shipping ASA for over 10 years, serving as CEO in Arrow Seismic ASA and Armada Seismic ASA, and acting as CFO in Rocksource ASA. Mr Klohs intends to resign from his position as board member of the Company as a consequence of the appointment.

"Hans Petter Klohs has vast management experience from a number of relevant reputable companies, and has consistently delivered strong results in his previous positions. The Board of Directors are extremely pleased that Hans Petter has agreed to take the CEO position of the Company, and the Board looks forward to working closely with Hans Petter in our forthcoming efforts to lead and grow SeaBird going forward", comments Heidar Engebret, Chairman of the Board of Directors.

The Board of Directors takes the opportunity to express its thanks on behalf of the company to Christophe Debouvry for his services as CEO of the Company since 2016, and wish him the best of luck in his future ventures. 

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.

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.

For further queries contact: Hans Petter Klohs, CEO SeaBird Exploration, Phone: +47 90750526    or Heidar Engebret, Chairman of the Board SeaBird Exploration, Phone: +47 48219975   .