Seacrest Petroleo Bermuda Limited: Mandatory notifications of trade by close associate

Reference is made to the mandatory notification of trade made on 30 June 2023,
regarding a transfer of 9,049,853 shares in Seacrest Petroleo Bermuda Limited
from High Power Petroleum (SeaPulse) UK Ltd to Ivanhoe Capital Holdings Pte Ltd
at a price of NOK 10.0838 per share.

High Power Petroleum (SeaPulse) UK Ltd and Ivanhoe Capital Holdings Pte Ltd have
subsequently agreed to rescind and unwind the original trade of 30 June 2023.
Accordingly, on 8 September 2023, High Power Petroleum (SeaPulse) UK Ltd, a
close associate of board member, senior executive and primary insider Scott
Aitken, re-acquired the 9,049,853 shares from Ivanhoe Capital Holdings Pte Ltd.
at a price of NOK 10.2225 per share (representing the same per share price of
the initial trade plus an interest element), thereby completing the rescission
of the original 30 June 2023 trade. Following the trade, High Power Petroleum
(SeaPulse) UK Ltd holds 9,049,853 shares in Seacrest Petroleo Bermuda Limited.

Please see the enclosed form for further details about the transactions.

This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3, section 5-12 of the Norwegian Securities
Trading Act.

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.

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