Reference is made to Spectrum's stock exchange notification and the prospectus, both dated 14 September 2011, related to the offering of a NOK 77,000,000 subordinated convertible loan in the form of 77,000,000 convertible bonds (the "Convertible Bonds"), each at a nominal value of NOK 1 equal to the subscription price of NOK 1, to the company's existing shareholders and Compagnie Générale de Géophysique - Veritas SA (CGGV).
CGGV has today converted their bonds to shares in Spectrum ASA. In total 27,682,970 bonds, each at a nominal value of NOK 1, have been converted into 1,977,355 shares.
Post the conversion CGGV holds 10,840,181 shares in Spectrum ASA, representing 28,96%.
The New Shares have today been registered with the Norwegian Register of Business Enterprises.
The Company's share capital after the registration of the New Shares is NOK 37,428,660.
For further information, please contact:
Henning Olset
CFO of Spectrum ASA
Phone: +47 23 01 49 65
www.spectrumasa.com