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Q3 2021 Segment Revenue expected to be around $270 million, up 35% year-on year and 72% sequentially

CGG S.A. (“CGG”) is pleased to announce today the completion of the previously announced sale of CGG’s GeoSoftware business to Topicus and Vela

CGG announced today the award to Sercel of a major contract to supply land seismic equipment for a 3D mega-crew survey in North Africa.

CGG S.A. (“CGG”) and Topicus.com Inc. (“Topicus”) (TSXV: TOI) announced today that CGG has entered into an agreement with Topicus and Vela Software (“Vela”), for the sale of CGG’s GeoSoftware business (“GeoSoftware” or the “Company”).

Looking forward, following the soft first half of the year, activity is expected to strengthen in the second half of 2021 and onwards.

CGG announced today that its interim financial report as at June 30, 2021 was filed with the Autorité des Marchés Financiers (AMF).

CGG and PGS have signed a Memorandum of Understanding (MoU) with a view to combining their seismic multi-client products and technical capabilities applied to the Carbon Capture Utilization and Storage (CCUS) industry.

CGG announced today the first major sale by Sercel of its recently launched GPR300 seabed nodal solution to BGP Inc., a worldwide major geophysical service provider. The sale includes 18,000 nodes that will be deployed in Q4 2021 on a large-scale, long-term, multi-vessel operation in the Middle East region.

Second quarter 2021 segment revenue update: CGG anticipates Q2 2021 segment revenue at around $158 million.