WAVE New Share Capital Registered

Wavefield Inseis ASA Oslo, May 30th 2008; Total new share registered capital in Wavefield Inseis ASA following the stock option exercise is 5.174.190,44 shares at a nominal value of NOK 0,04 per share, representing 129.354.761 shares. The new share capital was registered in the Company Register in Brønnøysund May 30th 2008.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act

Wavefield Inseis ASA

http://www.wavefield.no

ISIN: NO0010295504

Stock Identifier: XOSL.WAVE