Press Releases

Wavefield Inseis ASA (OSL:WAVE) Oslo, Norway, 6 November 2008. Peter Allan Hooper of Wavefield Inseis ASA purchased 85 000 shares in Wavefield Inseis on Thursday 6 November at a price of 11.50 NOK per share. After the transaction Peter Allan Hooper holds 331 333 shares in the company.

For further information contact: Bente Braadland Tomasik, Executive/IR assistant, Wavefield Inseis ASA Tel: +47 67 82 84 21 Email: bente.tomasik@wavefield-inseis.com

About Wavefield Inseis ASA Wavefield Inseis ASA is a Norwegian marine geophysical company providing proprietary data acquisition services and offers a portfolio of non-exclusive Multi Client data to the global exploration community, developed in partnership with oil companies and governments. Our range of products includes long offset 2D, high capacity 3D, 4D, Multi-azimuth and Wide-azimuth data acquired with highly specified vessels and the latest seismic equipment, including our OPTOWAVE(TM) multi-component ocean bottom cable (4C OBC) system for permanent seismic 4D monitoring that uses optical sensor technology. We are also in the process of launching a new concept for EM acquisition and data analysis. From our main offices in Bergen and Oslo, Norway, and our other locations in London, Houston, Singapore and Perth, Wavefield Inseis has a global reach, with activities worldwide.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Wavefield Inseis ASA

http://www.wavefield.no

ISIN: NO0010295504

Stock Identifier: XOSL.WAVE