Arrow Seismic to Apply for Oslo Exchange Listing

Arrow Seismic ASA plans to apply for a listing on the Oslo Stock Exchange by the end of the first half of 2007.

Arrow is planning for a share issue in combination with the listing. Such share issue will, in combination with new agreements for long term mortgage debt financing of the two last new buildings and the three planned 2D/Source vessels, secure full financing of the group's investment program.

Arrow Seismic ASA develops, owns and operates advanced special-purpose vessels for the marine seismic industry. Arrow owns five vessels and has contracted four special-purpose high capacity seismic vessels for delivery in 2008/09. The company's registered business office is in Bergen, Norway.