Green Energy Group (Seabird Exploration Plc): Award and contract update

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UNLAWFUL.

Green Energy Group (SBX Plc or the “Company”)) is pleased to announce that it
has received a Letter of Award for an OBN source contract in the Eastern
hemisphere. The contract is expected to commence early April and has a duration
of 90 days.

In reference to the February 9(th) 2022 press release, the Company has received
notice of cancellation for an OBN source contract. The reason given by the
client is difficulties in proceeding with the project due to sanctions against
Russia.

ENDS

For additional information, please contact:
Finn Atle Hamre, CEO (interim), +47 928 35991

Important information:

The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan or the United States
(including its territories and possessions, any state of the United States and
the District of Columbia).

This release is an announcement issued pursuant to legal information
obligations, and is subject of the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act. It is issued for information
purposes only, and does not constitute or form part of any offer or solicitation
to purchase or subscribe for securities, in the United States or in any other
jurisdiction. The securities mentioned herein have not been, and will not be,
registered under the United States Securities Act of 1933, as amended (the
“Securities Act”). The securities may not be offered or sold in the United
States except pursuant to an exemption from the registration requirements of the
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