CGG, Veritas DGC Win Needed Approvals for Merger

Compagnie Generale de Geophysique and Veritas DGC Inc. announced that their respective special meetings of stockholders were held, with both companies receiving the necessary stockholder approvals to complete their merger.

Veritas stockholders voted to adopt the merger agreement pursuant to which Veritas will merge with a subsidiary of CGG. CGG stockholders approved the issuance of CGG ADSs to Veritas stockholders in the merger. Upon the satisfaction of other customary conditions, the proposed merger is expected to close on Friday, January 12, 2007.

Pursuant to the terms of the merger agreement, Veritas stockholders are expected to receive CGG ADSs, cash or a combination thereof subject to the allocation procedure described in the proxy statement/prospectus dated November 30, 2006 in exchange for their shares of Veritas common stock.

Following the closing of the merger, the combined company will be renamed "Compagnie Generale de Geophysique-Veritas," abbreviated as "CGGVeritas". The trading symbol of the combined company's ADS on the New York Stock Exchange will be "CGV".

CGG is a global participant in the oilfield services industry, providing a wide range of seismic data acquisition, processing and reservoir services to clients in the oil and gas exploration and production business. It is also a global manufacturer of geophysical equipment through its subsidiary Sercel.

CGG is listed on the Eurolist of Euronext Paris SA (ISIN: 0000120164 - NYSE: GGY) and the New York Stock Exchange (under the form of American Depositary Shares, NYSE: GGY).

Veritas DGC, Inc., headquartered in Houston, Texas, is a leading provider of integrated geophysical information and services to the petroleum industry worldwide.


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