SeaBird Exploration: Key information relating to a potential subsequent offering to be carried out by SeaBird Exploration

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER 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, 12 April 2019) Reference is made to the stock exchange notice from SeaBird Exploration PLC (the "Company") on 11 April 2019 at 16:31 CET (the "Announcement"), regarding a private placement of shares in the Company (the "Private Placement") and a possible subsequent offering at the same effective subscription price as in the Private Placement (the "Subsequent Offering").

Date on which the terms and conditions of the potential repair issue were announced	11 April 2019
Last day including right:	11 April 2019
Ex-date:	12 April 2019
Record date:	15 April 2019
Maximum number of new shares:	25,000,000
Subscription Price:	NOK 1.20

Other information: The Subsequent Offering is subject to the conditions mentioned in the Announcement, and the publication of an approved prospectus. Notwithstanding the foregoing, the board of directors may, in its sole discretion, decide that the Company shall not carry out the Subsequent Offering due to market conditions. This information is published in accordance with the requirements of Oslo Børs' continuing obligations.

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

For further information, please contact:
Hans Petter Klohs CEO SeaBird Exploration Phone: +47 22 40 27 18
Nils Haugestad CFO SeaBird Exploration Phone: +47 22 40 27 17

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SeaBird Exploration Plc via Globenewswire