Settlement of restricted and performance stock units and corresponding increase of share capital

June 18, 2021

(Oslo, 18 June 2021) Reference is made to the Annual General Meeting on 23 April 2020, and its approval of retention package for key employees. The Board of directors have adopted to increase the share capital of the Company by NOK 33 837.50 by issuance of 676 750 new shares, each with a nominal value of NOK 0.05. The number of stock units settled are 607 000 restricted stock units (RSUs) and 69 750 performance stock units (PSUs).

List of the primary insiders receiving PSUs and RSUs and PDMR* notifications pursuant to the Market Abuse Regulation article 19 is attached to this announcement.

*Persons Discharging Managerial Responsibilities.

For further information, please contact:

Mark Ivin, CFO
Tel: +47 948 88 606
Email: mark.ivin@magseisfairfield.com

Carel Hooijkaas, CEO
Tel: +47 480 49 277
Email: carel.hooijkaas@magseisfairfield.com

---

Magseis Fairfield is the global leading provider of ocean bottom seismic (OBS) technology and data acquisition projects. The company has a flexible business model with full scale node operations, as well as lease and sale models. The Marine Autonomous Seismic System "MASS" nodes and the range of Z-nodes combined with handling systems and source technology enables market leading deployment speed and highly cost-efficient acquisition of data with exceptional quality.

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

Primary insiders stock units issued 18 June 2021

210618_PDMR_Notices for Primary Insiders