Roxar Awarded NOK 80 million software contract with large Russian client

Roxar ASA (Oslo Børs: ROX) today announced that it has been awarded a large software lease contract to provide its full suite of reservoir management software solutions to a major operator in the CIS region. The lease contract will have an estimated annual revenue effect of NOK 26.7 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 informastion please contact:

Even Gjesdal, CFO Roxar ASA
+47 97789070

Hege Forus, IR Manager, Roxar ASA
Phone: +47 99241109