Seacrest Petroleo Bermuda Limited: Ex. right to participate in subsequent offering today

Rio de Janeiro, Brazil/Hamilton, Bermuda, 7 December 2023: Reference is made to
the announcement by Seacrest Petroleo Bermuda Limited (“Seacrest Petroleo” or
the “Company”) earlier today regarding key information and a potential
subsequent offering by the Company. The shares in the Company will be traded
exclusive of the right to participate in the subsequent offering from and
including today, 7 December 2023.

For further information, please contact:

Torgeir Dagsleth, CFO
Seacrest Petroleo Bermuda Limited
Tel. +47 958 91 970

John de los Santos, Head of Investor Relations
Seacrest Petroleo Bermuda Limited
Tel. +44 79 4971 4756

About Seacrest Petroleo

Seacrest Petroleo is an independent oil and gas production company with an
integrated portfolio of onshore producing oil fields and export infrastructure
onshore in Espírito Santo, Brazil. The fields have estimated oil and gas in
place volumes of 1.2 billion barrels of oil equivalents and certified 2P
reserves of 140 million barrels of oil equivalents. The Company has exclusive
control over its infrastructure, continuously from field production to offshore
tanker loading terminal, allowing for cost-effective operations, and enabling
direct access to markets for its premium grade products. The Company has offices
in Bermuda, Norway and Brazil.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act and sections 4.2.4 and 4.2.5 of the
Oslo Rule Book II.

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