(Oslo/Houston, 26 May 2020) Magseis Fairfield is pleased to announce that Mark
Zajac will assume the position as CTO with effect from 1 June 2020. Mr Zajac
joins from Schlumberger and brings over 30 years of experience in the oilfield
services industry. He replaces Nils Heieren, who has decided to leave the
company after close to seven years.

“I am glad to welcome Mark Zajac as part of the management team. He brings with
him a wealth of technology management and international business experience, and
I look forward to working with him to further develop our technology leadership
position and our future OBN systems. I will also take the opportunity to thank
Nils Halvor Heieren for his many contributions to the development of the company
over the years, and wish him well in his new endeavours,” says CEO Carel
Hooijkaas in Magseis Fairfield.  

Mark Zajac has held a variety of global leadership positions in marine seismic
operations, support and technology with WesternGeco, including Applied
Technology Marine Manager, Global Operations Support Manager, and Vice President
for Southeast Asia. His technology management experience includes acquisition,
positioning, streamer and towing systems development, and development of
acquisition techniques and practices. Mark began his career on a Western
Geophysical 3D marine seismic crew after obtaining as MSc in Oceanographic
Technology from the Florida Institute of Technology, and he also holds an MBA in
Technology Management from the University of Phoenix. He will permanently
relocate to Oslo to join the Magseis Fairfield headquarters team.

For further information, please contact:

Carel Hooijkaas, CEO
Tel: +47 480 49 277
Email: carel.hooijkaas@magseisfairfield.com

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Magseis Fairfield is the global leading provider of ocean bottom seismic (OBS)
technology and data acquisition projects. The company has a flexible business
model with full scale node operations, as well as lease and sale models. The
Marine Autonomous Seismic System "MASS" nodes and the range of Z-nodes combined
with handling systems and source technology enables market leading deployment
speed and highly cost-efficient acquisition of data with exceptional quality.
The Company is headquartered in Oslo, Norway and has offices in US, Sweden, UK,
Brazil and Singapore.

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