Director/PDMR Shareholding

Serica Energy plc
17 March 2008



Monday 17 March 2008



          SERICA ENERGY PLC ANNOUNCES INCREASE IN DIRECTOR'S HOLDINGS



London, March 17, 2008 - Serica Energy plc (TSX Venture: SQZ; AIM: SQZ) ('Serica
' or the 'Company') was notified on 15 March 2008 that, on 14 March 2008, Paul
Ellis (Chief Executive) increased his shareholding in the Company by 52,800
ordinary shares.



On 14 March 2008 52,800 ordinary shares were acquired at a price of CAD$1.42 by
Paul Ellis. As a result of this transaction the total beneficial shareholding of
Paul Ellis has increased by 15.1% to 402,800 ordinary voting share capital of
the company.



Background Notes:


Serica Energy plc is an international oil and gas exploration company with
operations in the UK, Norway, Spain, Ireland, Indonesia and Vietnam.   It is
currently developing a gas-condensate field in Indonesia (the Kambuna field) and
appraising a gas-condensate discovery in the UK North Sea (the Columbus field).



The Company's ordinary shares are listed in London on AIM and on the Canadian
TSX Venture Exchange under the symbol 'SQZ'. The 2006 Annual Report and Accounts
can be obtained from the Company's web-site www.serica-energy.com and at
www.sedar.com.



Enquiries:


Serica Energy plc
Paul Ellis,                  [e-mail]      [phone]
Chief Executive Officer
Chris Hearne,                [e-mail]    [phone]
Finance Director

JPMorgan Cazenove
Steve Baldwin                [e-mail]  [phone]
                                                                 [phone]

Tristone Capital Ltd
Majid Shafiq                 [e-mail]

Pelham Public Relations -UK
James Henderson              [e-mail]           [phone]
Alisdair Haythornthwaite     [e-mail]  [phone]

CHF - Canada
Sarah Gingerich              [e-mail]                        [phone]


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.



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