Serica Energy plc announces increase in director's holdings



    LONDON, March 17 /CNW/ - Serica Energy plc (TSX Venture: SQZ; AIM: SQZ)
("Serica" or the "Company") was notified on 15 March 2008 that, on 14 March
2008, Paul Ellis (Chief Executive) increased his shareholding in the Company
by 52,800 ordinary shares.
    On 14 March 2008 52,800 ordinary shares were acquired at a price of
CAD$1.42 by Paul Ellis. As a result of this transaction the total beneficial
shareholding of Paul Ellis has increased by 15.1% to 402,800 ordinary voting
share capital of the company.

    Background Notes:

    Serica Energy plc is an international oil and gas exploration company
with operations in the UK, Norway, Spain, Ireland, Indonesia and Vietnam. It
is currently developing a gas-condensate field in Indonesia (the Kambuna
field) and appraising a gas-condensate discovery in the UK North Sea (the
Columbus field).
    The Company's ordinary shares are listed in London on AIM and on the
Canadian TSX Venture Exchange under the symbol "SQZ". The 2006 Annual Report
and Accounts can be obtained from the Company's web-site www.serica-energy.com
and at www.sedar.com.

    Forward Looking Statements

    This disclosure contains certain forward looking statements that involve
substantial known and unknown risks and uncertainties, some of which are
beyond Serica Energy plc's control, including: the impact of general economic
conditions where Serica Energy plc operates, industry conditions, changes in
laws and regulations including the adoption of new environmental laws and
regulations and changes in how they are interpreted and enforced, increased
competition, the lack of availability of qualified personnel or management,
fluctuations in foreign exchange or interest rates, stock market volatility
and market valuations of companies with respect to announced transactions and
the final valuations thereof, and obtaining required approvals of regulatory
authorities. Serica Energy plc's actual results, performance or achievement
could differ materially from those expressed in, or implied by, these forward
looking statements and, accordingly, no assurances can be given that any of
the events anticipated by the forward looking statements will transpire or
occur, or if any of them do so, what benefits, including the amount of
proceeds, that Serica Energy plc will derive therefrom.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    To receive Company news releases via email, please contact
sarah@chfir.com and specify "Serica press releases" in the subject line.

    %SEDAR: 00022686E




For further information:

For further information: Enquiries: Serica Energy plc, Paul Ellis, Chief
Executive Officer, paul.ellis@serica-energy.com, +44 (0)20 7487 7300; Chris
Hearne, Finance Director, chris.hearne@serica-energy.com, +44 (0)20 7487 7300;
JPMorgan Cazenove, Steve Baldwin, steve.baldwin@jpmorgancazenove.com, +44
(0)20 7588 2828; Tristone Capital Ltd, Majid Shafiq,
mshafiq@tristonecapital.com, +44 (0)20 7355 5872; Pelham Public Relations -
UK, James Henderson, james.henderson@pelhampr.com, +44 (0)20 7743 6673;
Alisdair Haythornthwaite, alisdair.haythornthwaite@pelhampr.com, +44 (0)20
7743 6676; CHF - Canada, Cathy Hume, cathy@chfir.com, (416) 868-1079 x231;
Sarah Gingerich, sarah@chfir.com, (416) 868-1079 x238

Organization Profile

SERICA ENERGY PLC

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