Seabird Explorat — Proxy Solicitation & Information Statement 2010

Apr 15, 2010

DnB NOR

To the beneficial shareholders of SeaBird Exploration Limited

Our ref.
Registrars Department/kgb

Date
Oslo, 14 April 2009

SeaBird Exploration Limited

Voting Annual General Meeting 7 May 2010

As your holding of shares in SeaBird Exploration Limited. (registered in The Norwegian Central Securities Depository - the "VPS") is registered in the name of DnB NOR Bank ASA in the main register of shareholders on the British Virgin Islands on behalf of the VPS Register, voting at the above-mentioned Annual General Meeting will have to be executed through DnB NOR Bank ASA.

Attached please find a copy of the Notice of Annual General Meeting issued by SeaBird Exploration Limited and a proxy form you may use if you want to cast your votes on the issues set forth in the above referred notice.

You are encouraged to specify your votes by marking the appropriate boxes on the enclosed proxy form. When properly executed, the proxy will be voted in the manner directed therein. If you sign and return your proxy without marking any appropriate boxes, the Chairman of the meeting or any individual appointed by the Chairman of the meeting, will as true and lawful agent and proxy for DnB NOR Bank ASA vote your shares as he sees appropriate.

Your proxy is to be received by DnB NOR Bank ASA, Registrars Department, Oslo, not later than 5 May 2010 12:00 hours Oslo Time. The P O Box address of DnB NOR Bank ASA is: DnB NOR Bank ASA, Registrars Dept., 0021 Oslo, Norway. Alternatively, send the proxy by facsimile + (47) 22 94 90 20 within the aforementioned date and time.

Yours sincerely,
for DnB NOR Bank ASA

DnB NOR Bank ASA NO-0021 Oslo, Norway Besøksadresse/Office: Stranden 21, Oslo Telefon/Telephone: +47 915 03 000 Foretaksregisteret/Register of Business Enterprises NO 984 851 006 MVA. Swift address: DNBANOKK www.dnbnor.no

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PROXY VOTE INSTRUCTION

SeaBird Exploration Limited (the "Company")
Proxy Solicited for Annual General Meeting 7 May 2010

The undersigned hereby authorize DnB NOR Bank ASA to constitute and appoint the Chairman of the meeting, or failing the Chairman of the meeting, any individual appointed by the Chairman of the meeting, as his true and lawful agent and proxy, to represent the undersigned at the Annual General Meeting of shareholders of the Company to be held in Diagoras House, 7th Floor, 16 Pantelis Catelaris Street, CY-1097 Nicosia, Cyprus, at 10:00 (local time), for the purposes set forth below and in the Notice of Annual General Meeting issued by the Company.

☑ Please mark your votes as in this example.

Issues	YES	NO	ABSTAIN
1. Declaration and sanctioning of dividends
2. Adoption of the 2009 Annual Accounts of the Company
3. Increase in number of shares the Company is authorised to issue
Special Resolution:
4. Amendments to the Memorandum of Association and Articles of Association
Appointment of Directors:
5 a. Appointment of Mr. Jan-Eivind Fondal
5 b. Appointment of Mr. Robert Lane
5 c. Appointment of Mr Ola Lorentzon
5 d. Appointment of Mr Tim Isden
6. Appointment of Auditors
7 a. Remuneration to the Board of Directors for 2009
7 b. Remuneration to the Auditor in total for 2009
7 c. That the principle remuneration to be paid to each Director and to the Chairman until AGM 2010 be approved as proposed and the Company be authorized to pay the Directors and the Chairman in line with said remuneration principle by quarterly instalments in arrears.
9 a. That the Board of Directors and the individual members of the Company’s Board of Directors are indemnified, to the fullest extent permitted by law and subject to Regulation 26 of the Company’s Articles of Association, from liabilities and expenses of any kind that they may incur in connection with any civil, administrative and/or criminal action to which any such persons may become a party as a result of service to the Company as a Director.
9 b. That the Board of Directors shall have authority, on behalf of the Company, to indemnify, to the fullest extent permitted by law, its management from liabilities and expenses of any kind that they may incur in connection with any civil, administrative and/or criminal action to which any such persons may become a party as a result of service to the Company or any of its associated companies or affiliates as an officer or director.

Signature(s) _____
Date: _______

Note: Please sign exactly as name appears below, joint owners should each sign. When signing as attorney, executor, administrator or guardian, please give full title as such.

Name of shareholder in block letters: _________