SED Energy Holdings Plc: SeaBird Exploration signs new contract for Fulmar Explorer

18 Aug 2025 07:00 CEST

Nicosia, Cyprus -- August 18, 2025 - SED Energy Holdings Plc ("Energy
Holdings") is pleased to announce that its wholly owned subsidiary, SeaBird
Exploration ("SeaBird"), has signed a new contract for OBN source work for the
Fulmar Explorer in the Western Hemisphere.

Finn Atle Hamre, CEO of SeaBird commented: "This award confirms both the high
quality of our vessel and the strong capabilities of our team. Our proven
track record in delivering safe, reliable, and efficient projects continues to
be recognized by clients, and we look forward to executing this campaign to
the highest standard."

The contract has a firm duration of three months, with options that could
extend the total period to nine months. Commencement is expected
mid-September, on commercial terms in line with prevailing market conditions
for SeaBird's vessels over the past year.

Kurt M. Waldeland, CEO of Energy Holdings, added: "This award reflects
continued healthy demand for our assets. By securing additional backlog, we
further enhance forward earnings visibility and support our long-term strategy
for shareholder distributions."

For more information, contact:
ir@energyholdings.cy

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
high-end 2D seismic services and source vessel solutions. For more
information, please visit www.energyholdings.cy.

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653060_SED Energy Holdings Plc- SeaBird Exploration signs new contract for Fulmar Explorer.pdf