Serica to Voluntarily Delist from Toronto Stock Exchange

Source: www.gulfoilandgas.com 3/17/2015, Location: Europe

Serica Energy plc has applied for voluntary delisting of its ordinary shares from the Toronto Stock Exchange (the "TSX"). Serica's shares are currently listed for trading on the TSX and the AIM market of the London Stock Exchange ("AIM"). It is expected that the shares will be delisted from the TSX at the close of trading on 31 March, 2015. Serica's shares will continue to trade on AIM under the ticker SQZ.

The directors of the Company believe that the minimal trading activity of Serica's shares on the TSX no longer justifies the expenses and administrative efforts associated with maintaining this dual listing, with Serica's AIM listing providing its shareholders with sufficient liquidity. The administrative and regulatory efficiencies provided by focusing on a single listing are part of a wider package of cost cutting measures adopted by Serica. The delisting is not expected to have any impact on Serica's ongoing operations, nor on its ability to raise further funds, if required, to progress the continued development of its projects.

Further information regarding the implications of the delisting for shareholders on the Canadian branch register will be available on Serica's website on or before 20 March 2015. Shareholders who hold their shares through a Canadian broker are encouraged to contact their broker.


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