<p>&nbsp;</p> <p style="TEXT-ALIGN: center" align="center"><strong><span style="font-size: medium; color: #000000; font-family: 'Arial','sans-serif'; mso-themecolor: text1;"><a href="http://bit.ly/bYcRyL">Paradigm Introduces Academic Software Program for Universities Worldwide</a></span></strong><strong></strong></p> <p style="TEXT-ALIGN: center" align="center"><em><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">Collaborative program to drive open innovation and advance science throughout international E&amp;P academic community</span></em></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">&nbsp;</span></p> <p><strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">(AMSTERDAM, Netherlands: February 22, 2010)</span></strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif';"> Paradigm^TM (</span><a href="http://www.pdgm.com/"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">www.pdgm.com</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&amp;P) industry, announced today the introduction of the </span><a href="http://www.pdgm.com/resources/academic-software-program.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">Paradigm Academic Software Program</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">, which will provide institutions of higher learning with access to Paradigm state-of-the-art </span><a href="http://www.pdgm.com/products/default.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">E&amp;P software</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">. The program includes innovative applications in </span><a href="http://www.pdgm.com/products/seismic-processing-imaging.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">seismic processing and imaging</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">, </span><a href="http://www.pdgm.com/products/interpretation-modeling.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">interpretation and modeling</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">, </span><a href="http://www.pdgm.com/products/reservoir-characterization.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">reservoir characterization</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">, </span><a href="http://www.pdgm.com/products/reservoir-engineering.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">reservoir engineering</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">, and </span><a href="http://www.pdgm.com/products/well-planning-drilling-engineering.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">well planning and drilling engineering</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">.</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">&nbsp;</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">"At the Centre for Petroleum Studies at Imperial College London, we aim at preparing students to be fully operational when they start working in industry," said Alain C. Gringarten, Director of the Centre for Petroleum Studies, Imperial College and one of the many institutions benefiting from the Program. "Practicing with software products used by oil and gas companies is part of our curriculum, and we are very grateful to Paradigm for providing us with valuable access to its interpretation and reservoir engineering suites."</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">&nbsp;</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">The </span><a href="http://www.pdgm.com/resources/academic-software-program.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">Paradigm Academic Software Program</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';"> provides academic access to key industry software products such as </span><a href="http://www.pdgm.com/products/interpretation-modeling/voxelgeo.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">Paradigm^TM VoxelGeo&reg;</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">, </span><a href="http://www.pdgm.com/products/interpretation-modeling/stratimagic.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">Stratimagic&reg;</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">, </span><a href="http://www.pdgm.com/products/interpretation-modeling/seisearth.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">SeisEarth&reg;</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">, </span><a href="http://www.pdgm.com/products/gocad.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">GOCAD&reg;</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">, </span><a href="http://www.pdgm.com/products/skua.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">SKUA&reg;</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">, </span><a href="http://www.pdgm.com/products/geolog.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">Geolog&reg;</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';"> and </span><a href="http://www.pdgm.com/products/sysdrill.aspx"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">Sysdrill&reg;</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">. In continued dedication to university research programs, Paradigm will also provide participating universities with free access to application software development kits. Qualified universities may apply for the Paradigm University Grant Program which provides access for classroom and/or research-based use.</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">&nbsp;</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">"Paradigm software products are critical to our research and teaching activities in energy and geoscience," said John H. Shaw, Chair, Dept. of Earth &amp; Planetary Sciences, Harvard. "We use their structural modeling capabilities extensively, as a means of integrating various data types and developing new methods of petroleum trap and reservoir characterization."</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">&nbsp;</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">Paradigm continues to expand collaboration with university professionals. Through the Academic Software Program, the software package for university members of the </span><a href="http://www.gocad.org/www/consortium/index.xhtml"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">GOCAD Consortium</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';"> will include the possibility to license Paradigm SKUA 3D modeling software.</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">&nbsp;</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">"We are very enthusiastic to see SKUA becoming widely available to universities, for both teaching and research purposes," said Guillaume Caumon, Director of the GOCAD Research Consortium. "The availability of Paradigm's state-of-the art geosciences software and corresponding developer kits to universities is clearly a win-win situation, and will help bridge the gap between academic research and practical industrial applications."</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">&nbsp;</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">"Academic institutions play a critical role in the development of our industry," said Jean-Claude Dulac, Paradigm executive vice president, Science &amp; Technology. "Given that educators are responsible for training future industry leaders and innovators, we believe that by investing in education today we are actively helping to overcome the challenges of tomorrow."</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">&nbsp;</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">For more information on Paradigm products and services, visit </span><a href="http://www.pdgm.com/"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">www.pdgm.com</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">, or e-mail </span><a href="mailto:info@pdgm.com"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">info@pdgm.com</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">. </span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">&nbsp;</span></p> <p style="TEXT-ALIGN: justify"><strong><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">About Paradigm</span></strong>^{<span style="font-size: 10pt; font-family: 'Arial','sans-serif';">^TM</span>}</p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">Paradigm Ltd. (</span><a href="http://www.pdgm.com/"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">www.pdgm.com</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">) is an industry leader in digital subsurface asset management, serving oil and gas companies worldwide. Paradigm technology solutions for seismic processing and imaging, interpretation and modeling, reservoir characterization and petrophysics, and well planning and drilling operate in an open environment to accelerate results. Paradigm has a global network of sales, consulting and support. </span></p> <p style="TEXT-ALIGN: justify"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">&nbsp;</span></p> <p><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">The following are trademarks or registered trademarks of Paradigm Ltd. or of its affiliates (collectively, "Paradigm"): Paradigm^{^TM}, Paradigm logo and/or other Paradigm products referenced herein. All other trademarks are owned by their respective owners. Please read the Paradigm notice on </span><a href="http://www.pdgm.com/legal/default.aspx#Forward-Looking-Statements"><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">forward-looking statements</span></a><span style="font-size: 10pt; font-family: 'Arial','sans-serif';">.&nbsp; </span></p>