IGSS EGM July 10, 2015 Shareholder's Circular

CIRCULAR TO THE SHAREHOLDERS OF

IG SEISMIC SERVICES PLC

EXTRAORDINARY GENERAL MEETING OF

IG SEISMIC SERVICES PLC

(THE "COMPANY")

25 June, 2015

Dear Shareholder!

 You will find enclosed:

1. As 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 10 July, 2015 (the "EGM").

2. As 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 for:

(I) The approval of the resignation of Peter O'Brien;

(II) The approval of the election of Olivier Martin as a Director of the Company.

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

(I) Resolution 1: To approve the resignation of Peter O'Brien;

(II) Resolution 2: To approve the election of Olivier Martin as a Director of the Company.

TIME AND PLACE OF EGM

The EGM will be held at the company's office at NBC (Nicosia) BUSINESS CENTER, 33 Neas Engomis, 2409 Nicosia, Cyprus on 10th July 2015, at 11 a.m.

RECOMMENDATION OF THE DIRECTORS

On the basis of the recommendations of the Nominations and Remuneration Committee, the Board of Directors, whose meeting have been held in Cyprus on 24th June 2015, recommends to the shareholders to approve the resignation of Peter O'Brien and election of Olivier Martin as a Director of the Company. As of the date hereof the consent of Olivier Martin for the election as a member of the Board of Directors of the Company has been provided.

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 23 6111

[email protected] 

IGSS Investor Relations (Moscow, Russia)

Alla Muzhzhevleva

+ 7 495 580 7882

[email protected]

Yours sincerely

_____________________________

Nikolay Levitskiy

Executive Director

APPENDIX I

IG SEISMIC SERVICES PLC

(the "Company")

NOTICE OF EGM

To: All the shareholders of IG SEISMIC SERVICES PLC as at June 25, 2015

NOTICE IS HEREBY GIVEN of an extraordinary general meeting to be held at 11:00am on 10 July, 2015 (the "EGM") at the company's office at NBC (Nicosia) BUSINESS CENTER, 33 Neas Engomis, 2409 Nicosia, Cyprus for the following purposes:

(I) The approval of the resignation of Peter O'Brien;

(II) The approval of the election of Olivier Martin as a Director of the Company.

1. 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.

2. 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 2-4 Arch. Makarios III Ave., Capital Center, 9th floor, Nicosia, Cyprus at least 24 hours before the time of the meeting.

________________________

Nikolay Levitskiy

Executive Director

Nicosia, 25 July 2015

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 ([email protected]) with a copy to be provided to Anna Zaytseva ([email protected]) and Alla Muzhzhevleva ([email protected]).

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 on 10 July, 2015 (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 NBC (Nicosia) BUSINESS CENTER, 33 Neas Engomis, 2409 Nicosia, Cyprus on 10th July 2015, at 11 a.m.

Signed this ____________day of _______________ , 2015

………………………………………..

Resolution 1:

To approve the resignation of Peter O'Brien.

FOR AGAINST ABSTAIN

□ □ □

Resolution 2:

To approve the election of Olivier Martin as a 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 2015

FOR OFFICIAL USE ONLY

Number of Votes to which Shareholder is entitled:______