Regulatory News

LONDON, UNITED KINGDOM--(Marketwire - June 20, 2012) - Serica Energy plc (TSX:SQZ)(AIM:SQZ) -

For filings with the FSA include the annex
For filings with issuer exclude the annex

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i)
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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: (ii)
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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 x
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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
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An acquisition or disposal of instruments with similar economic effect
to qualifying financial instruments
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An event changing the breakdown of voting rights
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Other (please specify):
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3. Full name of person(s) subject to the Sprott Asset Management
notification obligation: (iii) LP
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4. Full name of shareholder(s)
(if different from 3.): (iv) Refer to Section 9.
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5. Date of the transaction and date on
which the threshold is crossed or June 18, 2012
reached: (v)
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6. Date on which issuer notified: June 19, 2012
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7. Threshold(s) that is/are crossed or
reached: (vi, vii) Below 3%
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8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type Situation previous Resulting situation after the triggering
of shares to the triggering transaction
transaction
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if possible Number Number Number Number of % of voting
using of of of voting rights (x)
the ISIN Shares Voting shares rights
CODE Rights
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Direct Direct Indirect Direct Indirect
(xi) (xii)
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Common
Share 5,862,950 5,862,950 4,829,886 4,829,886 2.7%
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B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Type of Expiration Exercise/ Number of voting % of voting
financial date (xiii) Conversion rights that may be rights
instrument Period (xiv) acquired if the
instrument is
exercised/
converted.
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C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments (xv, xvi)
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Resulting situation after the triggering transaction
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Type of Exercise Expiration Exercise/ Number % of
financial price date (xvii) Conversion of voting
instrument period (xviii) voting rights (xix, xx)
rights
instrument
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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4,829,886 2.7%
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9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable: (xxi)
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Sprott Asset Management LP is the portfolio manager acting on behalf of the
Sprott Canadian Equity Fund, Sprott Bull/Bear RSP Fund, Sprott Hedge Fund
LP, Sprott Hedge Fund LP II, Sprott Master Fund Ltd., Sprott Master Fund II
Ltd., and a Sprott Managed Account.


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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: Email: mtang@sprott.com
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14. Contact name: Maggie Tang
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15. Contact telephone number:
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Note: Annex should only be submitted to the FSA not the issuer

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Annex: Notification of major interests in shares (xxii)
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A: Identity of the persons or legal entity subject to the notification
obligation
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Full name
(including legal form of legal entities)
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Contact address
(registered office for legal entities)
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Phone number & email

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Other useful information
(at least legal representative for legal
persons)
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B: Identity of the notifier, if applicable
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Full name

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Contact address

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Phone number & email

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Other useful information
(e.g. functional relationship with the
person or legal entity subject to the
notification obligation)
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C: Additional information
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For notes on how to complete form TR-1 please see the FSA website.

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