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

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

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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 9th 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), [phone]

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The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and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 Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assume any responsibility in the event there is a violation by any person of such restrictions.

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