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Regulatory press release

Spectrum ASA: Management change - Change of CFO

Spectrum ASA (OSE:SPU)
Chief Financial Officer (CFO) in Spectrum Henning Olset has decided to resign from the company. With effect from 1 December 2018, Dean Zuzic will take up the position as CFO. Dean Zuzic, age 55 comes from a position as CFO of Norsk Gjenvinning. Prior to his current position, he held different positions in Kid Interiør AS, Plantasjen ASA, Danske Securities and McKinsey & Co.
Rune Eng, CEO in Spectrum, commented: "Henning has in his period as CFO contributed to the growth of the company by building a robust finance and accounting function. I would like to thank him for his contribution over 8 years and wish him every success in the future."

Henning will continue in Spectrum until end 2018 to ensure a smooth transition to his successor.

For additional information about this press release please contact:

Rune Eng
CEO
Cell: +47 915 70 845
Email: rune.eng@spectrumgeo.com

"Spectrum  provides  innovative  Multi-Client  seismic  surveys  and high-quality seismic  imaging services to the global oil and gas industry from offices in Norway, UK, USA, Brazil, Egypt, Australia, Indonesia and Singapore. Spectrum designs,  acquires and processes seismic data  to deliver high quality solutions through its dedicated and experienced workforce.
Spectrum  holds the  world's largest  library of  Multi-Client 2D marine seismic data  and a significant amount of  3D seismic. The company's strategy focuses on both  the major, established hydrocarbon-producing regions  of the world as well as  key frontier areas identified by  our experienced team of geoscientists. The Spectrum  library  of  Multi-Client  data  contains  projects  from  many of the foremost  oil producing  regions of  the world.  These include  new acquisition, reprocessing and interpretation reports."

www.spectrumgeo.com

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Spectrum ASA via Globenewswire

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