New acquisition

In the first quarter of 2008, ZAO GEOTECH Holding completed the acquisition of a controlling stake in OAO Khantymansiyskgeofizika, ZAO Continental Geophysical Company and an acquisition of 100% stake in OOO Seismos. Following the consolidation of OAO Khantymansiyskgeofizika, ZAO Continental Geophysical Company and OOO Seismos, as well as subsidiaries within the OAO Khantymansiyskgeofizika Group, ZAO GEOTECH Holding includes the following companies:

GEOTECH OIL SERVICES HOLDING LIMITED
ZAO Geotech Management
ZAO Intaneft
OAO Severgeofizika
OAO Naryan-Marseismorazvedka
ZAO Agan-Burenie
OOO Severspetstekhnika
OOO GEONIS Geological Research and Engineering Commonwealth
OOO Seismos
ZAO Continental Geophysical Company
OAO Khantymansiyskgeofizika
OOO Seismic Technologies
OOO Reservoir Geology
ZAO Khantymansiyskgeofizikaservice
OAO Orenburg Geophysical Expedition
OAO Central Geophysical Expedition
OOO Boguchan Geophysical Expedition
OAO Yeniseigeofizika
OOO Evenkiageofizika
OOO Ilimpey Geophysical Expedition

Thus, thanks to its latest acquisition, ZAO GEOTECH Holding has turned into a major geophysical company.