Seacrest Petroleo Bermuda Limited: Resignation of José Alcides Santoro Martins from Board of Directors and appointment of José Cotello to fill vacancy

Rio de Janeiro, Brazil/Hamilton, Bermuda, 22 July 2024: Seacrest Petroleo Bermuda Limited (“Seacrest Petroleo” or the “Company”) announces that José Alcides Santoro Martins has resigned from the Board of Directors of the Company, and that the Board has appointed José Cotello, Chief Executive Officer of the Company, to fill the vacancy created by Mr. Santoro Martins' resignation.

Erik Tiller, Chairman of the Board of Directors, says: "We are excited about José Cotello joining the Board and the dynamism that he brings to our growth plan. We thank Mr. Santoro Martins for his service on the Board."

For further information, please contact:

Torgeir Dagsleth, CFO
Seacrest Petroleo Bermuda Limited
Tel. +47 958 91 970
E-mail: torgeir.dagsleth@seacrest.com

John de los Santos, Head of Investor Relations
Seacrest Petroleo Bermuda Limited
Tel. +44 79 4971 4756
E-mail: john.santos@seacrestpetroleo.com

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.

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