Continental Focus, International Reach

TGS-NOPEC/Spectrum Merger Plan Approved

Wednesday, May 22, 2019

The respective boards of TGS-NOPEC Geophysical and Spectrum have unanimously approved and decided upon a final merger agreement and merger plan in line with the terms previously announced.

The merger plan is now to be submitted to and registered by the Norwegian Register of Business Enterprises.

Completion of the merger is subject to approval by extraordinary general meetings in TGS and Spectrum, expected to be held on or about June 21. Notices for the general meetings will be sent to shareholders shortly. As previously reported, Spectrum shareholders representing more than 34% have given their support to the transaction and undertaken to vote their shares in favor thereof.