Seacrest Petroleo Bermuda Limited: Update on appointment of joint provisional liquidators

07 Mar 2025 22:00 CET

Hamilton, Bermuda, 7 March 2025: Seacrest Petroleo Bermuda Limited (in
Provisional Liquidation) ("Seacrest Petroleo" or the "Company") refers to its
announcement on 21 February 2025 concerning the Company's decision to petition
the Supreme Court of Bermuda to appoint joint provisional liquidators over the
Company.

On 21 February 2025, by Order of the Supreme Court of Bermuda, Mr. Michael
Penrose of EY Bermuda Ltd., 3 Bermudiana Road, Hamilton, HM08, Bermuda, and
Mr. Igal Wizman of EY Bahamas Ltd., Caves Corporate Centre, West Bay Street &
Blake Road, Nassau N-3231, The Bahamas, were appointed as Joint Provisional
Liquidators (the "JPLs") of the Company (the "Appointment Order").

Pursuant to the Appointment Order, the JPLs are now responsible for the
business and affairs of the Company, including preserving and protecting the
assets of the Company.

For further information, please contact:
Seacrest Petroleo Bermuda Limited (in Provisional Liquidation)
c/o EY Bermuda Ltd.
3 Bermudiana Road
Hamilton HM08
SBPL.JPLs@bm.ey.com

Important information
Matters discussed in this press release may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believes",
"continue", "estimate", "expect", "intends", "may", "should", "will" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its
control. Such risks, uncertainties, contingencies and other important factors
could cause actual events to differ materially from the expectations expressed
or implied in this release by such forward-looking statements. The
information, opinions and forward-looking statements contained in this release
speak only as at the date of this release and are subject to change without
notice.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2025-03-07 22:00 CET.

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640776_Announcement From Nordic Trustee AS To Bondholders Of Seacrest Petroleo Bermuda Limited (in Provisional Liquidation) 20250307.pdf
640776_Seacrest Petroleo Bermuda Limited- Update on appointment of joint provisional liquidators.pdf