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2015-04-17

Spectrum ASA: Spectrum commences Phase 2 of the 2D Multi-Client Cross-Border Survey offshore Namibia and South Africa

Oslo 17. March 2015; Spectrum (OSE SPU) has commenced a 3,500 kilometer
Multi-Client 2D seismic survey in the Orange Basin to complete the 6,000 km
survey over the Namibia&South Africa border.

The survey ties any discoveries between Namibia&South Africa and provides
continuous data coverage..

The data is being collected by the vessel BGP Pioneer and will be processed in
Spectrum's processing center. The data will be available for delivery in Q3
2015.

The survey is supported by industry funding.

For further information or questions, please contact:

Jan Schoolmeesters, COO, Spectrum ASA
Email:jan.schoolmeesters@spectrumgeo.com

Tel: +47 91 77 79 61

Graham Mayhew, EVP Africa Multi-Client
Email:richie.miller@spectrumgeo.com

Tel: +44 (0)1483 730201

Arne Helland, EVP Strategy&Business Development
Email:arne.helland@spectrumgeo.com

Tel: +47 23 01 49 69, Cell: +47 91 88 78 29

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

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Spectrum ASA via Globenewswire

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