CGG Partially Redeem its US$ 225 Million Senior Notes

CGG Partially Redeem its US$ 225 Million Senior Notes 


PARIS, January 5  /PRNewswire-FirstCall/ -- The Board of Directors of CGG (ISIN
: FR0000120164 ; NYSE : GGY) held on December 8, 2004 authorized the company to
partially redeem its US$ 225 million 10 5/8% Senior Notes, up to US$ 75
million. Such redemption implies the payment of an early reimbursement fee
corresponding to a six-month interest of 5.3125% of the total redemption
amount, i.e. $3.984.37. The redemption of the notes shall actually take place
on January 26, 2005.

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.

The Compagnie Generale de Geophysique group is a global participant in the
oilfield services industry, providing a wide range of seismic data acquisition,
processing and geoscience services and software to clients in the oil and gas
exploration and production business. It is also a global manufacturer of
geophysical equipment.

Internet : http://www.ccg.com/ 

DATASOURCE: Geophysique



CONTACT:  Christophe Barnini, [phone]

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