Spectrum ASA: Spectrum and CGG Commence the Foz do Amazonas Multi-Client Survey offshore Brazil

Oslo, Norway - January 28, 2014

Spectrum and CGG announced today that the acquisition of the high-end BroadSeis^TM 3D multi-client survey program offshore Brazil in the Foz do Amazonas Basin has commenced. As communicated earlier, the two companies are working as equal partners on this project which has received high prefunding from a number of major industry players.

The 11,330 km² survey is being acquired by the Oceanic Endeavour deploying Sercel's new generation Sentinel RD solid streamer. The high-end BroadSeis data set will be processed in CGG's Rio de Janeiro subsurface imaging center.

For further information or questions, please contact:

Jan Schoolmeesters, COO, Spectrum ASA
Email: jan.schoolmeesters@spectrumasa.com
Tel: +47 23 01 49 64, Cell: +47 91 77 79 61

Arne Helland, EVP Strategy & Business Development
Email: arne.helland@spectrumasa.com
Tel: +47 23 01 49 69, Cell: +47 91 88 78 29

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.