CGG: The Commercial court of Paris set on November 20, 2017 the date of the hearing to examine the draft safeguard plan

The Commercial court of Paris set on
November 20, 2017 the date of the hearing
to examine the draft safeguard plan

                                               
Paris, France - November 6, 2017

During today's hearing, in order to take into account the extraordinary general meeting of the shareholders of CGG convened on second notice on November 13, 2017, the Commercial Court of Paris decided to postpone to November 20, 2017 the examination of the draft safeguard plan of CGG and the claim filed against it by certain holders of Convertible Bonds. The more detailed indicative timetable of the financial restructuring will be updated as soon as possible following the date on which the Commercial court of Paris announces the date of the judgement.

It is reminded that the vote of the extraordinary general meeting on the resolutions required to implement the financial restructuring plan is a decisive step for the future of the company. It is therefore essential that the shareholders mobilize to participate in the general meeting to be held on November 13, 2017 (in accordance with the terms specified in the second convening notice published in the BALO No. 132 dated November 3, 2017).

The elements relating to the extraordinary general meeting convened on second notice on November 13, 2017 are available on the company's website via the following link Shareholders Meeting 2017.

About CGG 

CGG (www.cgg.com) is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary business divisions of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation. CGG employs around 5,500 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers.

CGG is listed on the Euronext Paris SA (ISIN: 0013181864) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).

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