Serica Energy plc
TSX VENTURE : SQZ
AIM : SQZ

Serica Energy plc

August 28, 2009 13:00 ET

Serica Energy plc-TR-1: Notification of Major Interest in Shares

LONDON, UNITED KINGDOM--(Marketwire - Aug. 28, 2009) - Serica Energy plc (TSX VENTURE:SQZ)(AIM:SQZ) -



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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
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1. Identity of the issuer or the underlying
issuer of existing shares to which voting rights Serica Energy plc
are attached:
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2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights Yes
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An acquisition or disposal of qualifying financial instruments which may
result in the acquisition of shares already issued to which voting
rights are attached No
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An acquisition or disposal of instruments with similar economic effect
to qualifying financial instruments No
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An event changing the breakdown of voting rights No
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Other (please specify): No
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3. Full name of person(s) subject to the
notification obligation: Sprott Asset Management LP
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4. Full name of shareholder(s) (if different from 3.): Refer to section 9

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5. Date of the transaction and date on which
the threshold is crossed or reached: August 24, 2009
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6. Date on which issuer notified: August 27, 2009
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7. Threshold(s) that is/are crossed or reached: from 3.3% to 4.6%
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8. Notified details:
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A: Voting rights attached to shares

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Class/type Situation previous Resulting situation after the
of shares to the triggering triggering transaction
transaction
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if possible Number Number Number Number of voting % of voting
using the of of of shares rights rights
ISIN CODE Shares Voting --------------------------------------------
Rights Direct Direct Indirect Direct Indirect
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Ordinary
Shares 5,778,200 5,778,200 8,143,850 8,143,850 4.6%
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B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that may be rights
Period acquired if the
instrument is
exercised/
converted.

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N/A

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C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments
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Resulting situation after the triggering transaction

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Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights
instrument period refers to
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Nominal Delta
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Total (A+B+C)
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Number of voting rights Percentage of voting rights
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8,143,850 4.6%

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9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable:
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Sprott Asset Management LP is the portfolio manager acting on behalf of the
Sprott Canadian Equity Fund, Sprott Energy Fund, Sprott Bull/Bear RSP Fund,
Sprott Hedge Fund L.P., Sprott Hedge Fund L.P. II, Sprott Master Fund, Ltd.,
Sprott Master Fund II, Ltd., and various Sprott Managed Accounts.
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Proxy Voting:
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10. Name of the proxy holder:

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11. Number of voting rights proxy holder will
cease to hold:

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12. Date on which proxy holder will cease to
hold voting rights:

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13. Additional information:

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14. Contact name: Maggie Tang
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15. Contact telephone number: 1-416-943-4072
mtang@sprott.com
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Contact Information