CGG: CGG Veritas Merger Information

PARIS, December 18  /PRNewswire-FirstCall/ -- As previously disclosed, Compagnie Generale de Geophysique (NYSE:GGY) and Veritas DGC, Inc. (NYSE: VTS) will hold separate meetings of their shareholders on January 9, 2007 in connection with the proposed combination between the two companies. Veritas stockholders will vote to approve the merger agreement among Veritas, CGG, and CGG's subsidiaries Volnay Acquisition Co. I and Volnay Acquisition Co. II. CGG shareholders will vote to approve the issuance of CGG ordinary shares underlying the CGG ADSs to be issued pursuant to the merger and certain related matters. Upon approval of the share issuance and related matters by the shareholders of CGG and the merger agreement by the stockholders of Veritas, and satisfaction of other customary conditions, the proposed merger is expected to close on or about January 12, 2007.

Veritas shareholders may elect to receive either CGG ADSs, cash or a combination there of (subject to the allocation procedure described in the proxy statement/prospectus) in exchange for their shares of Veritas common stock. Election forms for purposes of making this election have been mailed together with the proxy statement/prospectus on or about December 5, 2006. The deadline for making an election with respect to the type of merger consideration to be received is 5:00 p.m., New York City time, on January 10, 2007. Holders of Veritas common stock should carefully complete the election forms and submit them to the exchange agent before the election deadline.

Immediately after the effective time of the merger, the combined company will be renamed "Compagnie Generale de Geophysique-Veritas," abbreviated as "CGG Veritas". The trading symbol of the combined company's ADS on the New York Stock Exchange will be "CGV". The CGG Veritas ADSs will have the same CUSIP number as the CGG ADSs.

  Contact:
  Christophe Barnini
  Tel.: [phone]
  
  http://www.ccg.com/

DATASOURCE: Geophysique



CONTACT:  Contact: Christophe Barnini, Tel.: [phone],

, http://www.ccg.com/

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