Completion of Tender Offer

26 July 2012

SeaEnergy PLC

("SeaEnergy" or the "Company")

Completion of Tender Offer and Total Voting Rights

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, CANADA OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL (EACH A "RESTRICTED JURIDISCTION")

THE TENDER OFFER IS NOT AVAILABLE TO SHAREHOLDERS WITH A REGISTERED ADDRESS IN, OR ANY PERSON RESIDENT IN (OR ANY PERSON WHO APPEARS AT ANY TIME TO THE DIRECTORS OF THE COMPANY TO BE RESIDENT IN), WHETHER DIRECTLY OR AS OR THROUGH A NOMINEE, TRUSTEE OR CUSTODIAN, ANY RESTRICTED JURISDICTION. OVERSEAS SHAREHOLDERS SHOULD NOTE THAT THEY SHOULD SATISFY THEMSELVES THAT THEY HAVE FULLY OBSERVED ANY APPLICABLE LEGAL REQUIREMENTS UNDER THE LAWS OF THEIR RELEVANT JURISDICTION IF THEY TENDER SHARES IN THE TENDER OFFER. THE ATTENTION OF SHAREHOLDERS WITH REGISTERED ADDRESSES OUTSIDE THE UNITED KINGDOM IS DRAWN TO THE PARAGRAPH HEADED "OVERSEAS SHAREHOLDERS" IN PART 2 OF THE CIRCULAR.

The Company is pleased to confirm that Tender Offer announced by the Company on 6 July 2012 has been completed. Under the terms of the Tender Offer, Investec Bank plc purchased 19,197,345 Ordinary Shares at a price of 36 pence per share. Such shares were subsequently acquired from Investec Bank plc by the Company under the terms of the Option Agreement at a price of 36 pence per share. The purchased shares will be cancelled by the Company.

Following the above transaction and pursuant to the requirements of the Disclosure and Transparency Rules, the Company's issued share capital consists of 49,913,445 Ordinary Shares, all of which carry voting rights. The Company does not hold any shares in treasury. Therefore, the total number of voting rights attaching to shares in the Company is 49,913,445. Terms used in this announcement shall have the meaning ascribed to them in the circular to shareholders published on 6 July 2012 unless otherwise stated.

For further information contact:

SeaEnergy PLC

Chris Moar - Finance Director

+44 1224 748480

Investec Bank plc - NOMAD

James Grace, David Flin

+44 20 7597 4000

Pelham Bell Pottinger - Public Relations

Mark Antelme, Rollo Crichton-Stuart

+44 20 7861 3232

www.seaenergy-plc.com