SED Energy Holdings Plc: Approval of prospectus and listing of ordinary shares issued as consideration as part of the completed combination with Energy Drilling

26 Aug 2025 16:00 CEST

Nicosia, Cyprus - 26 August 2025 - Reference is made to the stock exchange
announcement on 26 May 2025 regarding the completion of the combination of
SeaBird Exploration Plc and Energy Drilling Pte Ltd in a share-for-share
acquisition to create SED Energy Holdings Plc (the "Company").

The Company has prepared a listing prospectus (the "Prospectus") in connection
with the listing on Euronext Oslo Børs of 537,408,281 new ordinary shares (the
"New Ordinary Shares") that were issued as consideration in the combination.
The Prospectus was approved by the Financial Supervisory Authority of Norway
(Nw. Finanstilsynet) today, 26 August 2025. The New Ordinary Shares will be
transferred from a temporary ISIN to the Company's ordinary ISIN CY0101162119
and become listed and tradable on Euronext Oslo Børs from tomorrow, 27 August
2025. The Prospectus is available at https://www.energyholdings.cy/. The
distribution of the Prospectus in certain jurisdictions may be restricted by
law. Persons in possession of the Prospectus are required to inform themselves
about and to observe any restrictions.

The Company's issued share capital is USD 137,937,064.88 divided into
617,884,552 ordinary shares of USD 0.19 par value and 108,100,000 Class B
shares of USD 0.19 par value, totalling 725,984,552 shares outstanding. The
Class B Shares are unlisted shares of a separate share class without voting
rights but otherwise confer to their holders the same rights as ordinary
shares.

For further information, please contact: ir@energyholdings.cy.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and Article 19 of Regulation EU
596/2014 (the EU Market Abuse Regulation).

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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653888_SED Energy Holdings Plc- Approval of prospectus and listing of ordinary shares issued as consideration as part of the completed combination with Energy Drilling.pdf