CGGVeritas: CGGVeritas Acquires 15 Percent Interest in OHM


PARIS, August 21/ -- CGGVeritas (NYSE: CGV) is pleased to announce that, subsequent to the approval by the shareholders of Offshore Hydrocarbon Mapping plc ("OHM"), it has acquired 6 395 571 shares of OHM at a price of 240 pence per share, representing 15 per cent of OHM's issued share capital.

On July 17, 2007, CGGVeritas and OHM entered into a strategic operating alliance under which both companies will jointly develop the global market for Controlled Source Electromagnetic imaging ("CSEM") and capitalize on the integration opportunities between seismic and CSEM.

About CGGVeritas:
CGGVeritas (http://www.cggveritas.com) is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry.

CGGVeritas is listed on the Eurolist of Euronext Paris SA
(ISIN: FR0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGV).

About OHM:
OHM (http://www.ohmsurveys.com) is a leading provider of Controlled Source Electromagnetic imaging (CSEM) services, including surveying, data processing, and data interpretation services to the offshore oil industry.

OHM is a public limited company whose shares are traded on the Alternative Investment Market (AIM) of the London Stock Exchange under the symbol "OHM". The main offices are in Aberdeen.

Investor Relations Contacts:
Paris
Christophe Barnini
Tel.: +33-1-64-47-38-10
E-Mail: invrelparis@cggveritas.com

Houston
Hovey Cox
Tel.: +1-832-351-8821
E-Mail: invrelhouston@cggveritas.com

Source: CGG Veritas

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