Mr. Pramod Jain reports

CMG ANNOUNCES APPOINTMENT OF HERMAN NIEUWOUDT AS PRESIDENT, BLUWARE

Computer Modelling Group Ltd. has appointed Herman Nieuwoudt as president of Bluware, a Computer Modelling Group company.

"I am extremely pleased to welcome Herman Nieuwoudt as president of Bluware," said Pramod Jain, chief executive officer of Computer Modelling Group. "He has a proven track record of driving transformative growth, building strong performance cultures and aligning teams. His passion for delivering exceptional customer value, combined with his extensive technical expertise in subsurface development, makes him a valuable addition to our leadership team. I look forward to working closely with him and am confident that Bluware will thrive under his leadership."

Mr. Nieuwoudt has held numerous executive leadership positions across three continents. He joins Bluware from a successful career at Baker Hughes, where he spent almost two decades in various positions, most recently as vice-president, Saudi Arabia. He also held positions at Baker Hughes as vice-president, Sub-Saharan Africa, and was an executive technology director for global wireline services. In his new role at Computer Modelling Group, he will report directly to Mr. Jain.

Bluware's proprietary VDS (volume data storage) data format compresses raw and interpreted seismic data sets, making them adaptable and scalable. It enables fast data access, cost-effective cloud storage and compute-intensive workflows. The company's flagship product, InteractivAI, is a cloud-native software solution that leverages VDS to deliver an interactive AI (artificial intelligence) tool, compressing seismic fault interpretation timelines from months to days through the combination of expert user input and cutting-edge deep learning.

Mr. Nieuwoudt holds a bachelor of science with honours in petroleum geology from Stellenbosch University.

About Computer Modelling Group Ltd.

Computer Modelling Group is a global software and consulting company that combines science and technology with deep industry expertise to solve complex subsurface and surface challenges for the new energy industry around the world. Computer Modelling Group is headquartered in Calgary, Alta., with offices in Houston, Oxford, Dubai, Bogota, Rio de Janeiro, Bengaluru, Kuala Lumpur, Oslo, Stavanger and Kaiserslautern.