Grant of Options - Amendment

Serica Energy plc
14 August 2007

                                   Serica Energy Plc
                              ('Serica' or the 'Company')


                                  GRANT OF OPTIONS



London, 14 August 2007 - Further to yesterday's announcement of the award of
options over the Company's ordinary shares, Serica Energy plc (TSX Venture &
AIM: SQZ) issues an amended version with the correct exercise price for all the
options.


Under the terms of the Serica Share Option Plan, approved by shareholders at the
Company's recent Annual General Meeting, the following options over Ordinary
Shares in the Company have been granted:


Name                 Position              Options awarded       Exercise price       Percentage of
                                                                 per share            issued share
                                                                                      capital

Tony                 Non-executive         300,000               98.5p                0.198%
Craven Walker        Chairman

Neil Pike            Non-executive         300,000               98.5p                0.198%
                     Director

Ian Vann             Non-executive         300,000               98.5p                0.198%
                     Director

Steve Theede         Non-executive         300,000               98.5p                0.198%
                     Director


These options vest in equal tranches over a three year period and are subject to
performance conditions before they are capable of being exercised.


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]

Tristone Capital
Majid Shafiq                          [e-mail]                         [phone]

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

CHF - Canada
Kelly Cody                            [e-mail]                                     [phone]






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