Seabird Exploration Plc: Distribution of shares in Green Minerals AS

12 Jan 2023 13:49 CET

12.1.2023 13:49:55 CET | Seabird Exploration Plc | Additional regulated
information required to be disclosed under the laws of a member state

Limassol, Cyprus - 12 January 2023 - Reference is made to the 30 December 2022
press release, to the quarterly report dated 31 August 2022, where Seabird
Exploration Plc (the "Company") announced its intention to distribute its
7,151,128 shares in Green Minerals AS to its shareholders ("the Distribution"),
and to the approval of Resolution (I) and (J) from the extraordinary General
Meeting held 13 October 2022.

As all formal letters and documents for the Distribution have now been duly
received, the further timeline for the distribution is as follows:

Last day inclusive right: 16 January 2023
Ex-date: 17 January 2023
Record date: 18 January 2023
Distribution date: on or about 25 January 2023

The Distribution to the Company's shareholders of the shares in Green Minerals
AS will be on a pro-rata basis, rounded down to the closest share without
payment of the fractions, to the number of shares held by each shareholder in
the Company at the record date. This will equal to 1 Green Minerals AS share per
12 shares held in Seabird Exploration Plc. The Distribution will be conducted as
a repayment from the share premium fund.

Green Minerals AS will host a company presentation on Wednesday 25 January at
14:00 CET. Call-in details will be distributed and posted on
www.greenminerals.no - http://www.greenminerals.no in due time.

"With the demerger of Green Minerals we are bringing the seismic business
through SeaBird Exploration back to market in it`s pure form. I am pleased to
see this through well ahead of the planned opening decision for marine minerals
in Norway, and believe shareholders in both companies stand to benefit from the
streamlining of the Group", comments Ståle Rodahl, Executive Chairman in Seabird
Exploration.



DISCLOSURE REGULATION

This information is subject to the disclosure requirements in article 19 of the
Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading
Act.

CONTACTS

* Sveinung Alvestad, CFO, Seabird Exploration Plc, +47 952 90 460,
sveinung.alvestad@sbexp.com

ABOUT SEABIRD EXPLORATION PLC

Seabird Exploration Plc and its subsidiaries ("SBX" or "the Company") is a
global provider of marine 2D seismic acquisition and source vessel services to
the Oil & Gas industry. SBX strive to maximize shareholder value through
relentless focus on Quality, Health, Safety and Environment (QHSE), innovation
and technical excellence in the efficient collection of high-quality seismic
data and dedication to delivering the highest possible client satisfaction. The
fleet consist of two vessels that are upgraded and outfitted with
state-of-the-art equipment, in addition the Company has available equipment to
outfit additional third party vessels. The Company is registered in Cyprus, with
branch office in Bergen (Norway). The SBX share is listed on the Oslo Børs
(ticker: SBX). For more information, please visit https://www.sbexp.com/.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848273/2031/2707/Download%20announcement
%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

580082_en_Download announcement as PDF.pdf