Seabird Explorat

SED Energy Holdings Plc - Grant of Share Options to Primary Insiders

Nicosia, Cyprus - 8 December 2025 - The Board of Directors of SED Energy

Holdings Plc (the "Company") has resolved to issue 5,926,974 new options under

the Company's share option program. The following primary insiders have been

allocated the following number of options:

* Finn Atle Hamre (CEO of SeaBird Exploration): 2,963,487 options, vesting

over a period of three years with 1/3 each year and strike price NOK 7.98

* Sveinung Bergene Alvestad (Chief Financial Officer): 2,963,487 options,

vesting over a period of three years with 1/3 each year and strike price NOK

7.98

Please refer to the attached PDMR Forms for further details.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act and Article 19 of Regulation EU

596/2014 (the EU Market Abuse Regulation).

For further information, please contact:

Investor relations: [email protected]

About Us

Energy Holdings is a strong industrial partner with a diversified portfolio of

resilient, cash-generative assets supported by a conservative capital

structure, a robust revenue backlog and a conservative capital structure. With

a solid foundation for attractive capital returns, Energy Holdings' primary

focus is on distributing all excess liquidity to shareholders, while also

pursuing disciplined, value-accretive growth. Its current portfolio includes

wholly owned subsidiaries Energy Drilling, a leading owner and operator of

tender assisted drilling rigs, and SeaBird Exploration, a global provider of

high-end 2D seismic services and source vessel solutions. For more

information, please visit www.energyholdings.cy.

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