CGGVeritas Announces Amendments to the US Senior Facilities Agreement and French Revolving Facility Agreement

PARIS--(Business Wire)--
Regulatory News:

CGGVeritas (ISIN: 0000120164 - NYSE: CGV) announced today the amendment on May
21, 2009 of its US senior facilities agreement and on May 27, 2009 of its French
revolving facility agreement. These amendments are in line with CGGVeritas
conservative financial policy. They were aimed mainly at increasing the
Company's headroom under the financial covenants in its existing credit
facilities.

In consideration of these amendments, CGGVeritas repaid $100 million of its term
loan B under the US senior facilities and increased the applicable margin for
all borrowings under the US senior facilities and French revolving facility by
1.0%.

About CGGVeritas:

CGGVeritas (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 Euronext Paris SA (ISIN: 0000120164) and
the New York Stock Exchange (in the form of American Depositary Shares, NYSE:
CGV).

The information included herein contains certain forward-looking statements
within the meaning of Section 27A of the securities act of 1933 and section 21E
of the Securities Exchange Act of 1934. These forward-looking statements reflect
numerous assumptions and involve a number of risks and uncertainties as
disclosed by the Company from time to time in its filings with the Securities
and Exchange Commission. Actual results may vary materially.

CGGVeritas
Investor Relations
Paris:
Christophe Barnini, +33 1 64 47 38 10
invrelparis@cggveritas.com
or
Houston:
Hovey Cox, +1 (832) 351-8821
invrelhouston@cggveritas.com

Copyright Business Wire 2009