Reference is made to Eidesvik Offshore ASA's ("Eidesvik") stock exchange
announcement January 8, 2020 regarding completion of the sale of the seismic
joint venture Global Seismic Shipping AS.
 
Effective January 11, 2021, Eidesvik has notified CGG SA ("CGG") that it has
decided to exercise the PUT-option for its shares in Shearwater GeoServices
Holding AS ("Shearwater") effectively selling all its shares in Shearwater to
CGG for a total consideration of USD 30 million in cash. Closing of the
transaction is expected by February 1, 2021.

Bømlo, January 11, 2021

Contacts:
Jan Fredrik Meling, CEO, phone no: +47 91 67 51 19
Tore Byberg, CFO, phone no:        +47 47 50 90 12


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

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© Oslo Bors ASA, source Oslo Stock Exchange