SeaBird Exploration Plc

26 February 2021, Limassol, Cyprus

Reference is made to the announcements from SeaBird Exploration Plc ("The Company") on 6 January 2021 and 8 January 2021 regarding the distribution of shares in Green Minerals AS to the shareholders of the Company. The Company has received notice that the application to reduce its share premium account, which is a requirement for the distribution of shares, has been approved by the court in Cyprus. An update on a new cut-off date will be released after the Company has received the formal stamp from the Registrar.
    

For further queries contact:

Erik von Krogh
CFO
Mob: +47 930 38 075

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.