Wavefield Inseis ASA (OSL:WAVE) Statement By The Board Of Directors Of Wavefield Inseis Regarding Mandatory Offer Made By CGG Veritas

Wavefield Inseis ASA (OSL:WAVE) Oslo, Norway, 19 January 2009. Statement by the board of directors of Wavefield Inseis regarding the mandatory offer made by CGG Veritas is enclosed.

For further information, contact: Atle Jacobsen, CEO, Wavefield Inseis ASA Tel: +47 977 15 336, Email:atle.jacobsen@wavefield-inseis .com

Erik Hokholt, CFO, Wavefield Inseis ASA Tel: +47 90 75 60 64, Email: erik.hokholt@wavefield-inseis .com

About Wavefield Inseis ASA Wavefield Inseis ASA is a Norwegian marine geophysical company providing proprietary data acquisition services and offers a portfolio of non-exclusive Multi Client data to the global exploration community, developed in partnership with oil companies and governments. Our range of products includes long offset 2D, high capacity 3D, 4D, Multi-azimuth and Wide-azimuth data acquired with highly specified vessels and the latest seismic equipment, including our OPTOWAVE(TM) multi-component ocean bottom cable (4C OBC) system for permanent seismic 4D monitoring that uses optical sensor technology. We are also in the process of launching a new concept for EM acquisition and data analysis. From our main offices in Bergen and Oslo, Norway, and our other locations in London, Houston, Singapore and Perth, Wavefield Inseis has a global reach, with activities world wide.

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LINK: http://hugin.info/137185/R/1283273/287322.pdf

Wavefield Inseis ASA

http://www.wavefield.no

ISIN: NO0010295504

Stock Identifier: XOSL.WAVE