Wavefield Inseis ASA (OSL:WAVE) Oslo, Norway, 28th August 2008. On Wednesday 27th August 2008 employees of the company exercised 28,500 options. The company's share capital is to be increased by NOK 1,140 from NOK 5,174,190.44 to NOK 5,175,330.44 by issuing 28,500 new shares at par value of NOK 0.04. The total new number of shares will be 129,383,261.

For further information, contact:

Erik Hokholt, CFO, Wavefield Inseis ASA Tel: +47 67 82 84 09, 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.

Wavefield Inseis ASA

http://www.wavefield.no

ISIN: NO0010295504

Stock Identifier: XOSL.WAVE

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