IGSS announces the change in its shareholders

IG Seismic Services PLC

IGSS ANNOUNCES THE CHANGE IN ITS SHAREHOLDERS

Moscow, November 14, 2013

IG Seismic Services PLC ("IGSS" or the "Company", LSE: IGSS), the leading pure-play land and transition zone seismic company in Russia and the CIS and one of the largest land seismic companies globally, announces the change in its shareholders.

Nyala Investments Limited, which represents the interest of Volga Group (formerly known as Volga Resources), has sold its 13% stake in IGSS. The stake has been purchased by a company within the Industrial Investors Group.

NikolaуLevitskiy, IGSS' CEO, has thanked Volga Resources for their contribution in the Company's development and said that he was confident that the new shareholders would be satisfied with their investment in a hi-tech Company which is rapidly developing.

Industrial Investorsis a leading Russian industrial investment group. Industrial Investors' objective is to develop and boost the efficiency of the enterprises it invests in order to increase revenues, profitability, and ultimately capitalization. Industrial Investors endeavors to occupy a leading position amongst Russian investment companies in terms of efficient assets management and ownership, beating the expectations of shareholders, partners and society in general.

Volga Group(http://www.volga-resources.ru) is one of the largest private investment groups in Russia with investments in 18 core companies operating both on the Russian, and international markets. It has three strategic investment areas; namely, energy, transportation and infrastructure projects. Mr. Gennady Timchenko is the main shareholder of Volga Group. The total consolidated annual revenue of the companies in which Volga Group owns stakes exceeded US$116 billion in 2012. They have a combined workforce of around 90,000 employees.

IG Seismic Services PLC (IGSS) is a leading pure play, land and transition-zone seismic exploration company, primarily servicing clients in Russia and the CIS, and it is one of the largest seismic exploration companies in the world. IG Seismic Services Global Depositary Receipts are traded on the Main Market of the London Stock Exchange under the IGSS ticker. The Company has 75 seismic crews, 28 operational bases, and regional departments in all major hydrocarbon regions. IGSS' IFRS Revenue in 2012 amounted to USD 608.5 million.

For further information please visit www.igseis.com or contact:

IGSS Media Relations

Victoria Smirnova

+ 7 495 580 7882 ext. 396

[email protected] 

IGSS Investor Relations

Olga Popova

+ 7 495 580 7882 ext. 129

[email protected] 

This document may contain "forward-looking statements" which include all statements other than statements of historical fact. Such forward-looking statements can often be identified by words such as "plans", "expects", "intends", "estimates", "will", "may", "continue", "should" and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the IG Seismic Services PLC's (the "Company") control that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. By their nature, forward-looking statements involve risks and uncertainties, because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements speak only as at the date as of which they are made, and neither the Company, nor any of its respective agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. The information and opinions contained in this document are provided as at the date of this document or as otherwise specified herein and are subject to change without notice.