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Wavefield Inseis ASA (OSL:WAVE) Mandatory Notfication Of Trade

Wavefield Inseis ASA (OSL:WAVE) Oslo, Norway, November 24 2008. Three M AS, fully-owned by Atle Jacobsen CEO of Wavefield Inseis ASA, purchased 50,000 shares in Wavefield Inseis on Monday November 24 at an average price of NOK 11.74 per share. After the transaction, Atle Jacobsen holds 624,167, including indirect ownership through fully owned limited company, shares in the company.

For further information, contact: Bente Tomasik, 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 world wide.

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

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Wavefield Inseis ASA

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