Spectrum ASA: 3rd Quarter 2017 Financial Results

 * Includes other revenue related to tax credit in Brazil of MUSD 8.7 (*) and MUSD13.1 (**).

Q3 Highlights

*  Late sales in the quarter of MUSD 7.6 (2016: MUSD 9.7) *  Prefunding on Multi-Client investments in the quarter was MUSD 9.3 (2016: MUSD 1.5), primarily related to the Gabon and Argentina surveys. *  Multi-Client investments were MUSD 13.5 with 69% prefunding rate (2016: MUSD 8.1 with 19% prefunding) *  Operational cash flow in Q3 was MUSD 23.0 (2016: MUSD 2.8)

9 months Highlights *  Late sales YTD of MUSD 25.7 (2016: MUSD 23.0) * Prefunding on Multi-Client investments was MUSD 46.9 (2016: MUSD 16.2), substantial part related to the Gabon and Argentina surveys. *  Multi-Client investments were MUSD 72.1 with 65% prefunding rate (2016: MUSD 43.2 with 37% prefunding) *  Operational cash flow was MUSD 83.3 (2016: MUSD 40.8)

"Spectrum provides innovative Multi-Client seismic surveys and high quality seismic imaging services to the global oil and gas industry from offices in the Norway,  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." www.spectrumgeo.com

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