Magseis ASA announced that in an EGM held on 12 December 2018, Charles W. Davison was elected as chairman of the board until the AGM in 2020. He will enter the position of chairman with effect from the later of, completion date or the day after approval of the prospectus. Jan P. Grimnes will resign as board member from the time Charles W. Davison enters the position. Anthony Dowd is elected as member of the nomination committee until the annual general meeting in 2020. He will enter the position as member of the nomination committee with the effect from the Completion Date of transaction. Jon H. Walle will from the same point in time resign as member of the nomination committee. This resolution is subject to the Conditions for Completion of the Transaction being fulfilled.