Investment in Wessex Exploration PLC

BLUEBIRD ENERGY PLC

(AIM: BBE)

Investment in Wessex Exploration PLC

Bluebird Energy plc ("Bluebird" or "the Company") notes the announcement made today by Wessex Exploration PLC ("Wessex") regarding the placing raising £12 million, before expenses ("the Placing").

Bluebird has subscribed for 10,694,400 ordinary shares of 0.1p each ("Ordinary Shares") in the Placing for a total consideration of £534,700. Immediately following admission of the Placing shares the revised total holding of Bluebird will be 64,742,835 Ordinary Shares representing approximately 9.00% of the enlarged share capital.

David Bramhill, Andrew Yeo and Frederik Dekker are directors of Wessex and therefore Bluebird's participation in the Placing is classified under the AIM Rules as a related party transaction. The independent director of Bluebird, Brian Marshall, having consulted with the nominated adviser, WH Ireland Limited, considers that the terms of this transaction are fair and reasonable insofar as the Company's shareholders are concerned.