Magseis Fairfield announce that we have signed an agreement with ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (“EEPGL”), for a large Ocean Bottom Node (OBN) project offshore Guyana. The project is expected to be conducted using our ZXPLR technology and last for
minimum 14 months.

“We are very pleased to have been awarded this large OBN project, which
potentially sets the stage for other projects in this region.” says Carel
Hooijkaas, CEO in Magseis Fairfield.

This information is considered to include inside information pursuant to article
7 of the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This stock exchange announcement was published by André Bjørvik, SVP Corporate
Communication, at the date and time as set out above.