Graham Mayhew, Executive Vice President Multi Client AME in Spectrum, has on
Thursday October 8th bought 7,000 shares in Spectrum ASA at a price of NOK
57.20 per share. Following this transaction Graham Mayhew holds 11,000 ordinary
shares and 280,000 options in Spectrum ASA.

For further information, please contact:

Henning Olset; CFO
Email: Henning.Olset@Spectrumgeo.com
Cell: +47 922 66948

About Spectrum Spectrum provides innovative Multi-Client seismic surveys and
seismic imaging services to the global oil and gas industry from offices in
Norway, the 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.

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