23.6.2023 17:33:42 CEST | Seabird Exploration Plc | Annual financial and audit
reports

Pafos, Cyprus - 23 June 2023 - Please find attached Seabird Exploration Plc
annual report and sustainability report for 2022. The reports are attached and
will also be available on our webpage. The Company has also published its annual
financial statements in European Single Electronic Format (ESEF), available as
an attachment to this release.

Deviations from the preliminary 2022 numbers reported on 24 February 2023 are
summarized to a net negative of USD 2.4 million impact on equity mainly due to
non-cash changes in the company`s working capital, reducing the company's
liabilities with USD 2.6 million and assets with USD 5.0 million.

The Company's 2023 Annual General Meeting is planned for 3 August 2023. A notice
will be distributed in due time.

 

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/17848273/2453/3408/Download%20announcement
%20as%20PDF.pdf

SBX 31 12 22 EN.zip -
https://kommunikasjon.ntb.no/ir-files/17848273/2453/3405/SBX%2031%2012%2022%20EN
.zip

SBX 31 12 22 EN _ viewer.html -
https://kommunikasjon.ntb.no/ir-files/17848273/2453/3406/SBX%2031%2012%2022%20EN
%20_%20viewer.html

Seabird Exploration PLC _ Annual Report 2022.pdf -
https://kommunikasjon.ntb.no/ir-files/17848273/2453/3407/Seabird%20Exploration%2
0PLC%20_%20Annual%20Report%202022.pdf