Roxar Awarded NOK 33,5 million software contract with large Russian client

Roxar ASA (Oslo Børs: ROX) today announced that it has been awarded a large software license contract to provide its full suite of reservoir management software solutions to a major operator in the CIS region.

The lease contract will commence 1 October 2008, and have an estimated revenue effect of NOK 33,5 million over a three year period.

Under the terms of the contract, Roxar will supply its industry leading reservoir modeling solution, IRAP RMS™, its reservoir simulation solution, Tempest™, and its analysis and processing software, ResView™.

For further information, please contact CFO Even Gjesdal +47 97789070 or IR Manager Hege Forus +47 99241109