Serica Energy plc
TSX VENTURE : SQZ
AIM : SQZ

Serica Energy plc

April 20, 2010 04:23 ET

Serica Energy: CORRECTION-Share Purchase by Directors

LONDON, ENGLAND--(Marketwire - April 20, 2010) - Serica Energy plc ("Serica" or the "Company") (TSX VENTURE:SQZ)(AIM:SQZ) -

CORRECTION – The number of ordinary shares acquired by Chris Hearne and Peter Sadler in the announcement RNS 4215K issued at 16:19pm yesterday was incorrect and should have read 3,225 ordinary shares for each shareholder, not 3,296. Please find a revised statement below reflecting this change.

Share Purchase by Directors

Serica Energy plc (TSX VENTURE:SQZ)(AIM:SQZ) announces that the trustees of the Serica Share Incentive Plan ("the Plan") have made purchases of Serica shares under the terms of the Plan on behalf of employees and officers of the Company as a result of which certain directors increased their beneficial shareholdings in the Company by a total of 9,675 shares on 16 April 2010, as follows:

Paul Ellis (Chief Executive) acquired 3,225 ordinary shares at a price of 93 pence per share taking his total beneficial shareholding to 874,140 shares representing 0.50% of the voting rights;

Chris Hearne (Finance Director) acquired 3,225 ordinary shares at a price of 93 pence per share taking his total beneficial shareholding to 732,600 shares representing 0.41% of the voting rights;

Peter Sadler (Chief Operating Officer) acquired 3,225 ordinary shares at a price of 93 pence per share taking his total beneficial shareholding to 24,140 shares representing 0.01% of the voting rights.

The Company has 176,570,311 voting ordinary shares issued and outstanding.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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