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Press Release

Consent Solicitation in Respect of Senior Notes and Term Loan B

Publish Location
Paris, France
Body

CGG S.A. (“CGG”) today announces that it is soliciting consents (the “Solicitation”) to permit the appointment of a ‘mandataire ad hoc’ (a French facilitator for creditor negotiations) from (i) the holders of each series of Senior Notes and (ii) the creditors under the Term Loan B.

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Reduction of Cash Costs and Related Issuance of Senior Notes

Publish Location
Paris, France
Body

Reflecting CGG’s commitment to focus on strict cost and cash management, CGG and CGG’s Norwegian subsidiary Exploration Investment Resources II have entered into agreements to substantially reduce the cash burden of the charter agreements (guaranteed by CGG) in respect of three cold-stacked seism

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    Group Communications & Investor Relations Contacts

    About CGG

    CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).

    CGG Announces the Closing of GeoSoftware Business Sale for a Total Cash Consideration of US$95 million

    Publish Location
    Paris, France
    Body

    CGG S.A. (“CGG”) is pleased to announce today the completion of the previously announced sale of CGG’s GeoSoftware business to Topicus.com Inc. ("Topicus") and Vela Software (“Vela”) for the total cash consideration of US$95 million (subject to certain customary closing adjustments).

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      Contacts

      About CGG

      CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).