SeaBird Exploration: board member elect purchases shares in open market

23 December 2019, Limassol, Cyprus

SeaBird Exploration Plc (the "Company") announces today that Mr Oivind Dahl-Stamnes, board member to be elected on the EGM 9 January 2020, has acquired 412,000 shares in the Company at an average price of NOK 0.518 per share. Following the transaction, Mr Dahl-Stamnes holds 500,000 shares in the Company.

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. 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

For further queries contact:

Ståle Rodahl

Executive Chairman