Green Energy Group (Seabird Exploration Plc): Letter of Award

Green Energy Group (SBX Plc or the “Company”)) is pleased to announce that it
has signed an OBN source contract in the Western hemisphere. The contract is
expected to commence second half of August. The duration of the contract is
expected to be around 14 months including mob/demob and the dayrate is
reflective of an improving OBN source market.

Contact:
Finn Atle Hamre, CEO (interim), +47 928 35 991

All statements in this press release other than statements of historical fact
are forward-looking statements and are subject to a number of risks,
uncertainties and assumptions that are difficult to predict, and are based upon
assumptions as to future events that may not prove accurate. These factors
include SeaBird`s reliance on a cyclical industry and the utilization of the
company’s vessels. Actual results may differ substantially from those expected
or projected in the forward-looking statements.