Spectrum ASA: Q3 2017 Financial Update

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

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