Electromagnetic Geoservices ASA

AGM Information • Nov 25, 2021

EMGS: Results of the extraordinary general meeting

EMGS: Results of the extraordinary general meeting

An extraordinary general meeting of Electromagnetic Geoservices ASA ("EMGS" or

the "Company") was held on 25 November 2021. All items on the agenda were

approved by the extraordinary general meeting.

Thus, Mr. Frederik W. Mohn was elected as the Company's new chairman of the

board, and Ms. Beatriz Malo de Molina was elected as a new board member.

Further, and as a result of Mr. Frederik W. Mohn's resignation from the

Company's nomination committee, Mr. Christos Makrygiannis was elected as a new

member of the Company's nomination committee.

Minutes of the meeting and results of voting are attached and can also be found

on the company's website www.emgs.com.

Contact

Anders Eimstad, CFO, +47 948 25 836

This information is published in accordance with the Norwegian Securities

Trading Act § 5-12.

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.