Noe merkelig at meglerhusene som står for utvanning også øker krusmål?

Reference is made to the stock exchange announcement dated 1 August 2018
regarding the commencement of the subsequent offering of up to 156,250,000 new
shares (the "Offer Shares") in SeaBird Exploration PLC ("SeaBird" or the
"Company") at a subscription price of NOK 0.16 per share (the "Subsequent
Offering").

The subscription period in the Subsequent Offering expired on 15 August at
12:00 CET. By the end of the subscription period, the Company had received valid
subscriptions for approximately 214 million Offer Shares. Hence, 156,250,000
Offer Shares will be issued.

Notifications of allocated Offer Shares in the Subsequent Offering and the
corresponding amount to be paid by each subscriber will be set out in a separate
letter to each subscriber to whom Offer Shares have been allotted. The
allocation letters are expected to be sent tomorrow.

The following allocation have been given to primary insiders in the Company:

* Chairman of the Board, Heidar Engebret, has been allocated 2,800,000 shares.
Following the transaction he owns 6,600,000 shares in the Company
representing 0.23% of the issued share capital after completion of the
Subsequent Offering.

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. The Company expects that the
Offer Shares will be issued on or about 20 August 2018, and be admitted to
trading on or about 20 August 2018.

ABG Sundal Collier ASA and SpareBank 1 Markets AS are acting as Managers for the
Subsequent Offering. Advokatfirmaet Schjødt AS acts as Norwegian legal counsel
to the Company.