SeaBird Exploration Plc: Change of company name and ticker code following successful merger

19 Jun 2025 10:20 CEST

Nicosia, Cyprus - June 19, 2025 - SeaBird Exploration Plc changes its name to
SED Energy Holdings Plc ("Energy Holdings") and ticker code to "ENH" effective
from June 20, 2025, following the successful merger between SeaBird
Exploration Plc and Energy Drilling Ltd.

The new company name has been registered with the Department of Registrar of
Companies and Intellectual Property in Cyprus. The name change and new ticker
code "ENH" will be effective on Euronext Oslo Børs from and including June 20,
2025.

"The name Energy Holdings marks our transition to a diversified energy
investment company," said CEO, Kurt M. Waldeland. "It reflects the breadth of
our portfolio and our focus on long-term value creation through strong cash
flow generation, shareholder distributions and disciplined, value-accretive
growth. As part of this evolution, we are pleased that Finn Atle Hamre will
continue as CEO of the SeaBird business unit. Finn Atle has played a key role
in SeaBird's transformation in recent years, and his continued leadership will
ensure continuity as SeaBird operates under the new group structure."

Final approval of the listing prospectus for the ordinary shares issued in
relation to the transaction is expected in Q3 2025, after which the new
ordinary shares will be listed and tradeable under the same ISIN as existing
shares.

For more details on the merger, see previous stock exchange announcements
published on April 25, 2025, and on May 26, 2025.

About Energy Holdings
Energy Holdings is a strong industrial partner with a diversified portfolio of
resilient, cash-generative assets supported by a conservative capital
structure, a robust revenue backlog and a conservative capital structure. With
a solid foundation for attractive capital returns, Energy Holdings' primary
focus is on distributing all excess liquidity to shareholders, while also
pursuing disciplined, value-accretive growth.
Its current portfolio includes wholly owned subsidiaries Energy Drilling, a
leading owner and operator of tender assisted drilling rigs, and SeaBird
Exploration, a global provider of marine seismic acquisition data to the oil
and gas industry. For more information, please visit www.energyholdings.cy.

Contact information:
Investor relations: ir@energyholdings.cy
Press: contact@energyholdings.cy

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.

More information:
Access the news on Oslo Bors NewsWeb site

649571_SeaBird Exploration Plc- Change of company name and ticker code following successful merger.pdf