(Oslo, 26 March 2021) Reference is made to the Annual General Meeting (AGM) of
Magseis Fairfield on 23 April 2020, and its approval of the compensation
packages for the Board of Directors. The members of the Board of Directors of
Magseis Fairfield were granted a total of 275,000 restricted stock units (RSU's)
as part of their compensation and the AGM authorised the board of directors to
increase the share capital in connection with the settlement of the RSUs.
  
The RSU's have been settled effective of 26 March 2021, with 75,000 shares to
Chair Wenche Kjølås, and with 50,000 shares to each the Board members Luis
Araujo, Angela Durkin, Jan Gateman and Anthony Dowd. 

The Board of directors have adopted to increase the share capital of the Company
by NOK 13,750 by issuance of 275,000 new shares, each with a nominal value of
NOK 0.05.

Primary insider notifications pursuant to the Market Abuse Regulation article 19
will be sent in a separate notice.

For further information, please contact: 

Mark Ivin, CFO  
Tel: +47 94 88 86 06  
Email: mark.ivin@magseisfairfield.com  
 
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 duty of disclosure pursuant article 19 of the
Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading
Act.