Result of Oversubscribed WRAP Retail Offer

Seascape Energy (AIM: SEA), an E&P company focused on Southeast Asia, is pleased to confirm, further to the announcements made on 24 and 25 March 2026, the result of its Fundraise and Retail Offer at the Issue Price of 70 pence per share. The Company announces that the Retail Offer was several times oversubscribed, and it has raised aggregate gross proceeds of approximately £840 thousand pursuant to the WRAP Retail Offer, alongside the previously announced Placing and Subscription. Accordingly, the Company will issue a total of 1,200,000 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.

In total, the Placing and Subscription and the WRAP Retail Offer have raised gross proceeds of approximately £5 million for the Company, via the Placing and Subscription of 6,000,000 Placing and Subscription Shares and the 1,200,000 WRAP Retail Offer Shares.

Admission and Total Voting Rights

Applications have been made for the Placing and Subscription Shares and the WRAP Retail Offer Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on or around 30 March 2026.

Upon Admission, the Company's issued ordinary share capital will consist of 70,339,111 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 70,339,111. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Terms used but not defined in this announcement have the same meaning as set out in the Company's announcements dated 24 and 25 March 2026.

The Company's LEI is 213800D1D587TB36ST68.