Dividend Suspension

Pulse paid a regular quarterly dividend from September 2011 to September 2015. In the fourth quarter of 2015, as the company experienced lower period-over-period seismic data library sales associated with challenging market conditions and the strong possibility of an extended downturn, the Company deemed it financially prudent and in the best interest of its shareholders to suspend the regular quarterly dividend of $0.02 per share.

Designation of Eligible Dividends for Canadian Tax Purposes

Pulse Seismic Inc. advises shareholders that, unless otherwise indicated, all dividends paid or to be paid on its common shares are designated as “eligible dividends” for Canadian income tax purposes.

Should you have any questions regarding the taxation of eligible dividends, please contact your Canadian tax advisor or your local office of the Canada Revenue Agency.

Dividend History

Pulse’s dividend history, in reverse chronological order, is as follows:

Ex-Dividend Date Record Date Payable Date Per Common Share ($CDN)
September 2, 2015 September 4, 2015 September 18, 2015 $0.02
June 3, 2015 June 5, 2015 June 19, 2015 $0.02
March 25, 2015 March 27, 2015 April 10, 2015 $0.02
December 2, 2014 December 4, 2014 December 18, 2014 $0.02
September 3, 2014 September 5, 2014 September 19, 2014 $0.02
June 4, 2014 June 6, 2014 June 20, 2014 $0.02
March 26, 2014 March 28, 2014 April 11, 2014 $0.02
December 4, 2013 December 6, 2013 December 20, 2013 $0.02
September 4, 2013 September 6, 2013 September 20, 2013 $0.02
June 4, 2013 June 6, 2013 June 20, 2013 $0.02
March 26, 2013 March 28, 2013 April 11, 2013 $0.02
December 18, 2012 December 6, 2012 December 20, 2012 $0.02
September 4, 2012 September 6, 2012 September 20, 2012 $0.02
June 4, 2012 June 6, 2012 June 20, 2012 $0.02
March 26, 2012 March 28, 2012 April 11, 2012 $0.0125
December 6, 2011 December 8, 2011 December 22, 2011 $0.0125
September 1, 2011 September 6, 2011 September 21, 2011 $0.0125
December 3, 2008 December 5, 2008 December 19, 2008 $0.05
September 3, 2008 September 5, 2008 September 19, 2008 $0.05
June 4, 2008 June 6, 2008 June 20, 2008 $0.05
March 26, 2008 March 28, 2008 April 11, 2008 $0.05
December 4, 2007 December 6, 2007 December 20, 2007 $0.05
September 4, 2007 September 6, 2007 September 20, 2007 $0.0375
June 4, 2007 June 6, 2007 June 20, 2007 $0.0375
March 27, 2007 March 29, 2007 April 12, 2007 $0.0375
December 4, 2006 December 6, 2006 December 20, 2006 $0.0375
September 1, 2006 September 6, 2006 September 20, 2006 $0.0375
June 2, 2006 June 6, 2006 June 20, 2006 $0.0375
March 29, 2006 March 31, 2006 April 14, 2006 $0.0375
December 2, 2005 December 6, 2005 December 20, 2005 $0.025
September 1, 2005 September 6, 2005 September 20, 2005 $0.025
June 2, 2005 June 6, 2005 June 20, 2005 $0.0125
March 29, 2005 March 31, 2005 April 10, 2005 $0.0125
December 3, 2004 December 7, 2004 December 17, 2004 $0.0125
September 1, 2004 September 3, 2004 September 13, 2004 $0.0125
June 4, 2004 June 8, 2004 June18, 2004 $0.0125
March 29, 2004 March 31, 2004 April 10, 2004 $0.0125
December 5, 2003 December 9, 2003 December 19, 2003 $0.0125