Core Laboratories N.V. : Core Lab Reports Early Departure Of A Supervisory Director To Be Effective As Of The Annual Meeting Anticipated For May 2013

FOR IMMEDIATE RELEASE

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CORE LAB REPORTS EARLY DEPARTURE OF A SUPERVISORY DIRECTOR TO BE EFFECTIVE AS OF THE ANNUAL MEETING ANTICIPATED FOR MAY 2013

AMSTERDAM (3 January 2013) On March 2, 2011, the Supervisory Board of Directors (the "Board") of Core Laboratories N.V. (NYSE: "CLB US" and NYSE Euronext: "CLB NA") approved a Board Succession Plan. That plan was disclosed in a public filing on March 7, 2011.
Pursuant to the terms of that plan, Board member Joe Perna would retire from his service on the Board, as of the annual shareholder meeting in 2013, at the end of a full elected term, and Board member Rene Joyce would retire from his service on the Board, as of the annual shareholder meeting in 2014, at the end of a full elected term. Mr. Perna will retire from the Board in 2013, as announced, but Mr. Joyce informed the Company on December 31, 2012 that he now plans to resign from the Board a year early, effective at the 2013 annual meeting, due to other business commitments that make it difficult to devote the necessary time to serve on our Board. There are no disputes between the Company and Mr. Joyce.
Pursuant to our Articles of Association, Board members may only be elected to three year terms, hence it will be necessary to nominate two replacement candidates for election at the
2013 annual shareholder meeting, which is anticipated to be held in May 2013, both of whom will serve a full three year term until 2016. The Nominating and Governance Committee had
already begun its search for candidates who would replace Mr. Perna, and thus has already identified two candidates who it plans to recommend to the Board for formal nomination for
these positions at the Board's February 2013 meeting.
Core Laboratories N.V. (www.corelab.com) is a leading provider of proprietary and patented reservoir description, production enhancement, and reservoir management services used to optimize petroleum reservoir performance. The Company has over 70 offices in more than 50 countries and is located in every major oil-producing region in the world.
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