Share capital increase

August 2, 2021

(Oslo, 2 August 2021) Reference is made to the stock exchange announcement by Magseis Fairfield ASA (MSEIS) on 18 June 2021 regarding settlement of restricted stock units.

The share capital has now been registered with the Norwegian Register of Business Enterprises (“Foretaksregisteret”). Following the registration, the new share capital of the Company is NOK 13,386,117.10 divided into 267,722,342 shares, each with a nominal value of NOK 0.05.

For further information, please contact:

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

André Bjørvik, SVP Corporate Communication
Tel: +47 907 42 746
Email: andre.bjorvik@magseisfairfield.com

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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.