CGGVeritas Announces the Launch of $300 Million Notes Offering

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

CGGVeritas (Paris:GA) (NYSE:CGV) announced today that it intends to pursue an
offering of senior notes due 2016 in an aggregate principal amount of
approximately $300 million in a private placement in the international capital
markets. The notes will rank pari passu with the existing senior notes of
CGGVeritas due 2015 and 2017.

The net proceeds of this offering will replace cash used to repay $100 million
of our senior facilities on May 21, 2009 in connection with the amendment
thereof, fund a further $83 million of scheduled repayments in 2009 under the
same senior facilities and repay $50 million under our other credit facilities.
The remaining proceeds will be used for general corporate purposes, including
the repayment of other indebtedness.

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 press release shall not constitute an offer to sell or the solicitation of
an offer to buy securities. There will not be any sale of these securities in
any such state or country in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any
state or country.

The securities referred to herein have not been and will not be registered under
the US Securities Act of 1933 (the "Securities Act") and may not be offered and
sold in the United States absent registration or an applicable exemption from
the registration requirements of the Securities Act. There will be no offering
of senior notes to the public in France.

This news release may include projections and other "forward-looking" statements
within the meaning of the federal securities laws. Any such projections or
statements reflect the current views of CGGVeritas about further events and
financial performance. No assurances can be given that such events or
performance will occur as projected and actual results may differ materially
from these projections.

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