Ig Seismic S Regulatory News (IGSS)

CIRCULAR TO THE SHAREHOLDERS OF

IG SEISMIC SERVICES PLC

EXTRAORDINARY GENERAL MEETING OF

IG SEISMIC SERVICES PLC

(THE "COMPANY")

10 January, 2017

Dear Shareholder,

You will find enclosed:

1. Appendix I of this Circular - a copy of a notice convening an extraordinary general meeting of the shareholders of the Company which is to be held on 1 February, 2017 (the "EGM").

2. Appendix II of this Circular - a proxy form for the EGM.

PURPOSE OF THE EGM

The purpose of the EGM is to seek shareholder approval of:

(1) The approval of the resignation of Olivier Martin.

(2) The approval of the election of Stephan Girard as Director of the Company.

The purpose of the EGM is therefore to pass the following resolutions:

Resolution 1: To approve resignation of Olivier Martin.

Resolution 2: To approve election of Stephan Girard as Director of the Company.

TIME AND PLACE OF EGM

The EGM will be held at the Company's office at Arch. Makariou, III, 2-4 Capital Business center, 9 floor, 1065 Nicosia, Cyprus on 1 February, 2017, at 11.00 a.m. (local time).

RECOMMENDATION OF THE DIRECTORS

The Board of Directors, whose meeting has been held in Moscow on 26 December 2016, recommends the shareholders to approve the resignation of Olivier Martin and approve election of Stephan Girard as Director of the Company. As of the date hereof the consent of Stephan Girard for the election as Director of the Company was obtained.

QUORUM AND NECESSARY VOTES REQUIRED TO APPROVE PROPOSED RESOLUTIONS

A shareholder entitled to attend and vote at the meeting is entitled to appoint a proxy to attend to vote in his/her place. The proxy form (the "Form of Proxy") for the EGM is enclosed as Appendix II of this Circular.

The quorum for the EGM consists of 3 (three) or more shareholders present in person or by proxy.

If you have any questions regarding the matters dealt with in this Circular, please contact:

IGSS Board of Directors Secretary (Nicosia, Cyprus)

Anna Zaytseva

+ 357 96 236 111 azayceva@igseis.com 

IGSS Investor Relations (Moscow, Russia)

+ 7 495 580 7882 query@igseis.com

Yours sincerely,

____________________________

Yury Gilts

Executive Director, CEO

APPENDIX I

IG SEISMIC SERVICES PLC

(the "Company")

NOTICE OF EGM

To: All the shareholders of IG SEISMIC SERVICES PLC as of 10th of January, 2017

NOTICE IS HEREBY GIVEN of an extraordinary general meeting to be held at 11:00am (local time) on 1 February, 2017 (the "EGM") at the company's office at Arch. Makariou, III, 2-4 Capital Business center, 9 floor, 1065 Nicosia, Cyprus in order to pass the following resolutions:

Resolution 1: To approve resignation of Olivier Martin.

Resolution 2: To approve election of Stephan Girard as Director of the Company.

A member entitled to attend and vote at the above meeting is entitled to appoint a proxy and vote instead of him, and such proxy need not be a member of the Company.

A form of such proxy is attached hereto. The instrument appointing a proxy or any other documents shall be deposited at the registered office of the company at Arch. Makariou, III, 2-4 Capital Business center, 9 floor, 1065 Nicosia, Cyprus at any time before the holding of the meeting.

________________________

Yury Gilts

Executive Director, CEO

Moscow, 10 January, 2017

Notes:

1. A member entitled to attend and vote is entitled to appoint a proxy (or proxies) to attend and vote instead of him.

2. A Form of Proxy is enclosed. The appointment of a proxy will not prevent a shareholder from attending and voting at the meeting in person.

3. To be valid and effective the Form of Proxy (and any authority under which it is signed, or notarial certified or office copy of such power of attorney) must be executed and forwarded to Antis Triantafyllides& Sons LLC, Capital Center, 9th Floor, 2-4 Makarios Avenue, 1065 Nicosia, Cyprus for Alexey Podlesny (Alexey@triantafyllides.com) with a copy to be provided to Anna Zaytseva (azayceva@igseis.com) and query@igseis.com.

APPENDIX II

IG SEISMIC SERVICES PLC

(the "Company")

FORM OF PROXY

For use at the Extraordinary General Meeting of the Company to be held at 11.00am (local time) on 1 February, 2017 (the "EGM") and at any adjourned such meeting.

We ……………………………… ,

Of: ……………………………… being a Member/Members of the above-named Company, hereby appoint Mr. Stelios Triantafyllides and /or George Triantafyllides of Antis Triantafyllides& Sons LLC as our proxy to vote for us or on our behalf at the Extraordinary General Meeting of the Company, to be held at the office of the Company at Arch. Makariou, III, 2-4 Capital Business center, 9 floor, 1065 Nicosia, Cyprus on 1 February, 2017, at 11 a.m. (local time).

Signed this ____________day of _______________ , 2017

………………………………………..

Resolution 1:

To approve resignation of Olivier Martin.

FOR AGAINST ABSTAIN

□ □ □

Resolution 2:

To approve election of Stephan Girard as Director of the Company.

FOR AGAINST ABSTAIN

□ □ □

Unless otherwise instructed, the proxy will vote as he or she thinks fit.

PLEASE SIGN AND DATE AND RETURN THIS FORM OF PROXY TO BE RECEIVED BY ANTIS TRIANTAFYLLIDES & SONS LLC (CYPRUS) BEFORE THE TIMES APPOINTED FOR HOLDING THE EGM.

Print Name(s) of Shareholder: Signature of Shareholder(s)………………………

………………..

Dated: this ……….day of ………………… 2017

FOR OFFICIAL USE ONLY

Number of Votes to which Shareholder is entitled:_______________