Spectrum ASA: Exercise of share options and mandat

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:

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.