Seacrest Petroleo Bermuda Limited: Mandatory notification of trade by primary insider

Rio de Janeiro, Brazil/Hamilton, Bermuda, 28 June 2024: Jose Cotello, CEO and a primary insider of Seacrest Petroleo Bermuda Limited (the "Company"), has today purchased 370,311 shares in the Company at an average price of NOK 2.7362 per share. Following the purchase, Jose Cotello holds 370,311 common shares in the Company.

Please see the enclosed form for notification of transactions conducted by primary insiders for further details.

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

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act and the Euronext Rule Book part II.

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 144 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.