Spectrum ASA: Q3 2017 Financial Update Oslo, N

Oslo, Norway, 6 ^th October 2017. Based on preliminary figures for Q3 2017, Management expects to report Net Multi-Client Revenue of approximately USD 17 million for the quarter (USD 11.4 million in Q3 2016).

The Multi-Client Capex is expected to be approximately USD 13 million (USD 8.1 million in Q3 2016). Spectrum expects to report a cash balance of USD 10.5 million and secured Net Interest Bearing Debt of approximately USD 16.5 million as of 30 ^th September 2017. Spectrum will report 3 ^rd quarter 2017 financial results 13 ^th of October 2017.

For further information please contact:

Henning Olset, CFO Mobile: +47 92 26 69 48 E-mail: henning.olset@spectrumgeo.com

Rune Eng, CEO Mobile: +47 91 57 08 45 E-mail: rune.eng@spectrumgeo.com This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.