CGG to Pursue an Offering of Senior Notes in the International Capital Markets PARIS, April 18 /PRNewswire-FirstCall/ -- Compagnie Generale de Geophysique (CGG), (Euronext 12016, NYSE GGY) announced today that it expects to pursue an offering of senior notes in aggregate principal amount of approximately $150 million in the international capital markets. The net proceeds will be used, along with available cash, to redeem and pay accrued interest on all of the $150 million outstanding aggregate principal amount of CGG's existing 10 5/8% Senior Notes due 2007. The offering will be made in accordance with Rule 144A and Regulation S under the US Securities Act of 1933 (the "Securities Act"). The additional Senior Notes will not be registered under the Securities Act and may not be offered and sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no offering to the public in France. The Compagnie Generale de Geophysique group is a global participant in the oilfield services industry, providing a wide range of seismic data acquisition, processing and geoscience services and software to clients in the oil gas exploration and production business. It is also a global manufacturer of geophysical equipment. For US only: The information included herein contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. These forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties as disclosed by CGG from time to time in its filings with the US Securities and Exchange Commission. Actual results may vary materially. For UK only: The attached document is only being distributed to and is only directed at (i) persons who have professionals experience in matters relating to investment who fall within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the "Order") or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). The investments to which this document relates are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such investments, will be available only to or will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its content. Persons distributing such document must satisfy themselves that it is lawful to do so. The information included herein contains certain forward-looking statements within the meaning of Section 27A of the securities act of 1933 and section 21E of the Securities Exchange Act of 1934. These forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties as disclosed by the Company from time to time in its filings with the Securities and Exchange Commission. Actual results may vary materially. DATASOURCE: Geophysique CONTACT: For more information: Christophe BARNINI +33-1-64-47-38-10

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