SBX: Disclosure of holdings

Reference is made to the press release dated 29 January 
2015 regarding the restructuring and the completion of the 
restructuring announced on 3 March 2015 
the "Restructuring") of SeaBird Exploration PLC 
(the "Company"). 

Pacificor, LLC was allocated 136,800 preference shares in 
the Restructuring. Each preference share represents 500 
times the rights of ordinary shares, hence Pacificor, LLC 
holds in total 191,308,923 voting rights equivalent to 
6.24% of the voting rights in SeaBird. 

In addition, Pacificor, LLC holds 136,800 warrants which 
will be convertible into 68,400,000 ordinary shares 
representing 1.73% of the fully diluted number of voting 
rights assuming conversion of all outstanding warrants.