Spectrum Names New CFO

Spectrum ASA has hired Rhys Edwards (43) as Chief Financial Officer (CFO) in accordance with the plan for developing Spectrum ASA into a self-sufficient independent listed company after it was spun-out from Global Geo Services ASA (GGS) and listed on Oslo Axcess 1. July 2008. Edwards will be based in Spectrum's operational headquarter in Woking outside London, UK.

When Spectrum ASA was listed the company made an interim agreement with the former owner Global Geo Services ASA (GGS) for hiring of certain financial services including CFO Jon A. Elde and his financial organization. The scope of this agreement will gradually be reduced during the three month transition period starting in November.