Shearwater 2025 Annual Report

30 Apr 2026 18:10 CEST

Bergen, 30 April 2026: Shearwater Geoservices AS ("Shearwater") today
publishes its annual report for 2025. The report is attached and is also
available at www.shearwatergeo.com.

Additionally, Shearwater Geoservices Holding AS also published its 2025 annual
report, which is available at www.shearwatergeo.com.

For further information, please contact:
Kristian Rådal, Head of Investor Relations, phone: +47 99 23 61 58

About Shearwater:
Shearwater is a global marine geoscience and technology business that
specialises in collecting data offshore. The organisation uses state-of-the
art seismic vessels and equipment to explore beneath the seabed and processes
the data using market-leading proprietary software. These insights help
clients understand the Earth and make informed decisions about accelerating
responsible use of its resources. Shearwater's headquarters is in Bergen,
Norway, with more facilities all around the globe. The company employs around
1,000 people.

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672152_Shearwater Geoservices AS Annual Report 2025.pdf