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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, SWITZERLAND, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Oslo, 17 August 2018

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

The Company announced that the Offer Shares were expected to be delivered to the investors and admitted to trading on or about 20 August 2018. The Company currently expects that the Offer Shares will be delivered to the investors and admitted to trading on 21 August 2018.

The Offer Shares may not be transferred or traded before they are issued and registered in the Norwegian Central Securities Depository. The Company will send an announcement when the Offer Shares are issued.

For further information, please contact:

Hans Petter Klohs

CEO SeaBird Exploration

Phone: +47 22 40 27 18

or

Nils Haugestad

CFO SeaBird Exploration

Phone: +47 22 40 27 17

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

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.