Wavefield Inseis ASA Oslo May 30th, 2008. Reference is made to the statement posted on 28.05.2008. The payment has been determined based on a selling price of NOK 39.4751 per share.

With reference to the statement posted 28.05.2008, new holding by the exercising primary insiders is as follows;

Atle Jacobsen holds 125 000 unexercised options in the Company, corresponding to 125 000 shares at the strike price of NOK 16,90. As of today the primary insider holds 562 167 shares in the Company.
Jan-Åge Langeland holds 37 500 unexercised options in the Company, corresponding to 37 500 shares at the strike price of NOK 16,90. As of today the primary insider holds 329 500 shares in the Company.

Marianne Lefdal holds 18 750 unexercised options in the Company, corresponding to 18 750 shares at the strike price of NOK 16,90. As of today the primary insider holds 52 500 shares in the Company.

About Wavefield Inseis ASA Wavefield Inseis ASA is a Norwegian marine geophysical company providing proprietary data acquisition services and offers a portfolio of non-exclusive Multi Client data to the global exploration community, developed in partnership with oil companies and governments. Our range of products includes long offset 2D, high capacity 3D, 4D, Multi-azimuth and Wide-azimuth data acquired with highly specified vessels and the latest seismic equipment, including our OPTOWAVE(TM) multi-component ocean bottom cable (4C OBC) system for permanent seismic 4D monitoring that uses optical sensor technology. We are also in the process of launching a new concept for EM acquisition and data analysis. From our main offices in Bergen and Oslo, Norway, and our other locations in London, Houston and Perth, Wavefield Inseis has a global reach, with activities in the Americas, Europe, Africa, the Middle East and Asia.

Wavefield Inseis ASA

http://www.wavefield.no

ISIN: NO0010295504

Stock Identifier: XOSL.WAVE

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