Correction: Settlement of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), corresponding increase of share capital and related sale of shares by primary insiders

(Oslo, 29 July 2022) Reference is made to announcement published 4 July 2022, regarding settlement of RSUs and PSUs and corresponding increase in the share capital of Magseis Fairfield ASA. The documents attached to the announcement with list of primary insiders receiving shares pursuant to RSUs and PSUs and the related PDMR notifications were not complete. The persons receiving shares pursuant to the RSUs and PSUs were offered the alternatives of retaining all shares, selling 50% of the shares received in a coordinated share sale to cover tax, or selling 100% of shares received. The subscription for the shares took place on 4 July and issuance and sale took place on 8 July. Updated documents are attached to this announcement, which in addition to the information attached to the original announcement also include the deputy employee board representatives and information about shares sold. Complete list of the primary insiders receiving RSUs and PSUs and PDMR notifications pursuant to the Market Abuse Regulation article 19 are attached to this announcement. This is information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. For further information, please contact: André Bjørvik, SVP Corporate Communication Tel: +47 907 42 746 Email: andre.bjorvik@magseisfairfield.com --- 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. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.