Electromagnetic Geoservices ASA

Capital/Financing Update • Feb 9, 2022

Denne melding til obligasjonseierne er kun utarbeidet på engelsk. For informasjon vennligst kontakt Nordic Trustee AS.

To the bondholders in:

ISIN: NO 001 0821010 - FRN ELECTROMAGNETIC GEOSERVICES ASA SENIOR UNSECURED CONVERTIBLE USD 32,500,000 BONDS 2018/2023

Oslo, 9 February 2022

Notice from Written Resolution

Today a Written Resolution was resolved pursuant to the notice of Written Resolution dated 1 February 2022 (the "Notice").

The Proposal (as defined in the Notice) was adopted according to the voting requirements of the Bond Terms and the Bond Trustee is authorised to take the necessary actions to implement the Proposal.

Yours sincerely Nordic Trustee AS

Fredrik Lundberg