Company Name

SEACREST PETROLEO BERMUDA LIMITED

ISIN

BMG7947V2045

Market

Euronext Expand

Symbol

SEAPT

Issuer name: Seacrest Petroleo Bermuda Limited
Ex-date: 31 March 2023
Type of corporate action: Reverse share split
Other information: Reverse split ratio: two (2) existing shares are consolidated
into one (1) share. New par value is USD 0.00002 and new ISIN is BMG7947V2045.

This information is published in accordance with the requirements of the
continuing obligations.

For further information, please contact:

Torgeir Dagsleth, Chief Financial Officer
Seacrest Petroleo Bermuda Limited
Tel. +47 958 91 970
E-mail: torgeir.dagsleth@seacrest.com

About Seacrest Petroleo:

Seacrest Petroleo is an independent oil and gas production company with an
integrated portfolio of onshore producing oil fields and export infrastructure
onshore in Espírito Santo, Brazil. The fields have estimated oil and gas in
place volumes of 1.2 billion barrels of oil equivalents and certified 2P
reserves of 140 million barrels of oil equivalents. Current production is 7,000
bbl/d which is expected to triple by 2025. The Company has exclusive control
over its infrastructure, continuously from field production to offshore tanker
loading terminal, allowing for cost-effective operations, and enabling direct
access to markets for its premium grade products. The Company has offices in
Bermuda, Norway and Brazil.

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