Electromagnetic Geoservices ASA

AGM Information • Jun 21, 2022

EMGS: Annual general meeting held

EMGS: Annual general meeting held

The annual general meeting of Electromagnetic Geoservices ASA ("EMGS" or the

"Company") was held today, 21 June 2022 at 12:00 CEST.

All items were resolved in accordance with the board of directors' proposals and

the Nomination Committee's recommendations.

The minutes of meeting are attached hereto.

Contact

Anders Eimstad, Chief Financial Officer, +47 948 25 836

About EMGS

EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)

technology to support oil and gas companies in their search for offshore

hydrocarbons. EMGS supports each stage in the workflow, from survey design and

data acquisition to processing and interpretation. The Company's services enable

the integration of EM data with seismic and other geophysical and geological

information to give explorationists a clearer and more complete understanding of

the subsurface. This improves exploration efficiency and reduces risks and the

finding costs per barrel. CSEM technology can also be used to detect the

presence of marine mineral deposits (primarily Seabed Massive Sulphides) and

EMGS believes that the technology can also be used to estimate the mineral

content of such deposits. The Company is undertaking early-stage initiatives to

position itself in this future market.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.