Serica Energy plc announces increase in directors' holdings



    LONDON, Aug. 15 /CNW/ - Serica Energy plc (TSX Venture: SQZ; AIM: SQZ)
("Serica" or the "Company") announces that on 15 August 2008 Antony Craven
Walker (Chairman), Paul Ellis (Chief Executive) and Chris Hearne (Finance
Director) increased their beneficial shareholdings in the Company by a total
of 635,000 ordinary shares.

    
    -   Antony Craven Walker (Non-Executive Chairman) acquired 360,000
        ordinary shares at a price of 69p per share, through his pension
        fund, increasing his total beneficial holding to 5,604,473 ordinary
        voting right share capital of the Company, representing a holding of
        3.18%

    -   Paul Ellis (Chief Executive) acquired 200,000 ordinary shares at a
        price of 69p per share, through his pension fund, increasing his
        total beneficial holding to 650,000 ordinary voting right share
        capital of the Company, representing a holding of 0.37%

    -   Chris Hearne (Finance Director) acquired 75,000 ordinary shares at a
        price of 69p per share, increasing his total beneficial holding to
        675,551 ordinary voting right share capital of the Company,
        representing a holding of 0.38%
    

    The Company has 176,518,311 ordinary shares issued and outstanding.

    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
        sasha@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, +44 (0)20 7355 5872; Tristone Capital Ltd: Majid Shafiq,
mshafiq@tristonecapital.com; 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:
Sasha Abrams, sasha@chfir.com, (416) 868-1079

Organization Profile

SERICA ENERGY PLC

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