LONDON, UNITED KINGDOM -- (Marketwire) -- 10/18/12 -- Serica Energy plc (TSX:SQZ)(AIM:SQZ) ("Serica" or the "Company") announces that the Trustees of the Serica Energy Share Incentive Plan ("the Plan") have made purchases of and allocated 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 3,543 shares on 15 October 2012, as follows:

Christopher Hearne (Finance Director) acquired 1,182 ordinary shares at an average price of 31.75 pence per share taking his total beneficial shareholding to 791,896 shares representing 0.45% of the voting rights;

Peter Sadler (Business Development Director) acquired 1,182 ordinary shares at an average price of 31.75 pence per share taking his total beneficial shareholding to 183,436 shares representing 0.10% of the voting rights.

Mitchell Flegg (Chief Operating Officer) acquired 1,179 ordinary shares at an average price of 31.75 pence per share taking his total beneficial shareholding to 100,080 shares representing 0.06% of the voting rights.

The Company has 176,770,311 shares issued and outstanding.

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