Investor News Story
Spectrum ASA: Exercise of share options and mandatory notification of trades (2017-02-21T08:48:05 CET)

Reference is made to the stock exchange notice dated 21 February 2017 regarding the exercise of options and mandatory notification of trades on behalf of certain primary insider in Spectrum ASA
("SPU" or the "Company").

On 21 February 2017, the Company announced that certain primary insiders that exercised their options transferred their rights to receive shares resulting from the exercise of the options to a third party in order to sell all or portions of the shares resulting from the option exercise. The following sale of shares was made today by the primary insiders:

Name # Shares sold Price per share # shares after exercise and sale # of options after exercise
Rune Eng 615,000 NOK 38 109,609 2,235,000
Jan Schoolmeesters 150,000 NOK 38 34,461 755,000
Svein Staalen 77,668 NOK 38 7,332 270,000
Kim Gunn Maver 96,629 NOK 38 11,571 140,000
Ian Setterfield 48,414 NOK 38 1,586 80,000

For further information, please contact:


Henning Olset
; CFO
Email: Henning.Olset
@Spectrumgeo.com
Mobile phone: +47 92 26 69 48


About Spectrum

Spectrum provides innovative Multi-Client seismic surveys and seismic imaging
services to the global oil and gas industry from offices in Norway, the UK, USA,
Brazil, Egypt, Australia, Indonesia and Singapore. Spectrum designs, acquires
and processes seismic data to deliver high quality solutions through its
dedicated and experienced workforce. Spectrum holds the world's largest library
of Multi-Client 2D marine seismic data and a significant amount of 3D seismic.
The company's strategy focuses on both the major, established hydrocarbon-
producing regions of the world as well as key frontier areas identified by our
experienced team of geoscientists. The Spectrum library of Multi-Client data
contains projects from many of the foremost oil producing regions of the world.
These include new acquisition, reprocessing and interpretation reports.

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

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