Veritas DGC Inc. Investor Presentation - April 2004

2 This presentation contains forward-looking information and statements within the meaning of the Private Securities Litigation Act of 1995 concerning among other things, Veritas DGC Inc.'s prospects and development for its operations all of which are subject to certain risks, uncertainties and assumptions, including among other things, changes in market conditions in the oil and gas industry, prices of crude oil and natural gas, weather conditions, and the Company's ability to finalize contractual arrangements. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results could vary materially from those anticipated. Forward-Looking Information

3 Data Library Land Seismic Acquisition Data Processing Veritas - A Global Provider of Integrated Geophysical Services, Geophysical Information & Reservoir Solutions

4 Veritas – Company Strategy  Invest in people, technology and operational excellence  Focus on select geographic markets  Manage for free cash flow  Continue to invest in: R&D, Multi-Client data library and differentiating technology  Maintain financial flexibility Continue to be a leading provider of sub surface information to the global oil and gas industry while maximizing earnings and cash flow

5 Market Outlook  Flat to slightly improving operating environment  Contract business increasing as a percent of total market  Pricing concerns continue in segments of the contract market  Customer consolidation has slowed  Lower multi-client spending however library shelf sales continue to drive cash flow and profits  More alliance and relationship work being performed  Increasing interest in high margin products and services  advanced data processing  multi-component data  4D surveys

6 Revenue Mix FY 2003 First half 2004 Contract MarineContract LandMC LandMC Marine $503 $252 ($ millions)

Geophysical Acquisition, Data Processing & Reservoir The “Services Business”

8 Our Marine Business  Five 3D vessels, three Viking class, all multi streamer, all chartered  One 2D vessel  Solid streamers deployed on Vantage, Viking 1, Searcher and Viking 2  Focus has shifted to a mix of contract and data library work  Solid Streamers are seen as a major differentiator by many customers for contract work awards

9 Marine Acquisition Canada Canada Gulf of Mexico Gulf of Mexico Trinidad Trinidad Brazil Brazil North Sea W. Africa Asia PacificIndia

10 Our Land Business  Invested in light weight and arctic-specific equipment and standardized on Sercel recording equipment  Developed multi-component recording and processing capabilities  Maintained a high volume of alliance and relationship work

11 Land Acquisition Markets AlaskaCanada US US South America Oman

12 Our Data Processing Business  An order of magnitude improvement in compute price performance  Software and algorithm innovation results in incremental gains in past year  Recent installation of latest 64 bit AMD OPTERON CPU’s  Veritas is an industry leader in sub-surface imaging technology

Multi-Client Data Library “The information business”

14 Multi-Client Business Drivers  Geologic and hydrocarbon prospectivity  Efficient data collection and processing with un-compromised quality and turnaround  Conservative capitalization policy, amortization rates and margin assumptions  Areas with small blocks driven by government licensing rounds  Location, Location, Location The value of Multi-Client is created by :

15 Key Multi-Client Markets and Assets Canada Foothills 3D Scotia Shelf 3D US Onshore 3D Gulf of Mexico 3D South America Brazil 2D & 3D Europe UK 2D & 3D Norway 3D Faeroes 2D & 3D Africa Nigeria 3D Asia Pacific Australia 2D Indonesia 2D

16 Multi-Client Data as of January 31, 2004  189,000 sq km 3D  201,000 km 2D  Book value $348 million  Gross investment $1.3 billion  Life-to-date sales $1.6 billion  Total life-to-date booked margin 40%  Conservative library accounting

17 Multi-Client Revenue BrazilGulf of MexicoLandWest AfricaOther ($ millions) $220 $123 FY 2003 First half 2004

18 Veritas Data Library in the GOM as of 01/31/04 GOM Investment: $500M Sales-to-date: $850M

19 Gulf Of Mexico Lease Expiration Ref. Lexco Data Systems

20 Multi-Client Revenue Versus Investment

Financial Information

22 Current Capitalization

23 Capital Spending YTD $ Million

24 Cash Investments YTD $ millions

25 Recent Performance Note:Q excludes cumulative accounting adjustment of $22.1 million. FY 2003 excludes charges of $67.7 million

26 Why Veritas?  First class technology people and assets  Operating in politically stable areas  Data library sales continue to generate profits  Managed for positive cash flow  Low leverage  A company well positioned for the future

Veritas DGC Inc. Investor Presentation - April 2004