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CGGVeritas Announces the Launch of a €414 Million Rights Offering (CGG Veritas SA)

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Subscription ratio: 4 new shares for 25 existing shares Subscription price: €17 per new share Subscription period: 28 September 2012 to 12 October 2012 inclusive Paris, 26 September 2012 Compagnie Générale de Géophysique - Veritas (CGGVeritas) announced on 24 September 2012 that it had entered into an agreement with the Dutch group Fugro to acquire the businesses of its Geoscience division (excluding multi-clients library and OBN businesses) (the "Geoscience Division") for a price of 1.2 billion euros and establish a joint venture specialising in ocean bottom seismic data acquisition (the "Seabed Joint Venture"). To fund such acquisition, CGGVeritas launches today a capital increase via an...

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