The Board of Directors of Civeo Corporation (Canada) (NYSE:CVEO) approved the termination of the Civeo Corporation Deferred Compensation Plan (the “DCP”), in accordance with the terms and conditions of the DCP, effective as of that date. In accordance with the terms of the DCP and pursuant to Section 409A of the Internal Revenue Code, the Company will distribute all amounts previously deferred under the DCP to all of its participants within the period beginning October 27, 2017, and ending October 27, 2018.