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Green Energy Group (Seabird Exploration Plc): Announcement of strategic review

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Green Energy Group (Seabird Exploration Plc): Announcement of strategic review

Reference is made to the Green Energy Group (SBX plc, "the Company") Q1 and Q3
2021 reports where the first steps to consolidate its subsidiary Seabird
Exploration`s segments of the seismic industry were announced. The consolidation
of equipment so far allows Seabird to operate up to six OBN source vessels
simultanously, or more than 30pc of the segment capacity. Green Energy Group
(SBX plc) has subsequently received interest from potential partners. To this
end, the Board of Directors of the Company has decided to initiate a strategic
review to explore all available options to maximize shareholder value. The
Company will engage with interested parties during the review. The Company has
retained Fearnley Securities as financial advisor and Schjødt as legal advisor
to assist in the process.

ENDS