Electromagnetic Geoservices ASA

Capital/Financing Update • Jul 19, 2021

1	Details of the Primary Insider/Close Associate
a)	Name	Siem Investments S.à r.l.
2	Reason for the notification
a)	Position/status	Person closely associated with Jørgen Westad, board member (a PDMR of the issuer)
b)	Initial notification/Amendment	Initial notification
3		Details of issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Electromagnetic Geoservices ASA
b)	LEI	5967007LIEEXZXI7OG55
4	Details of the transaction(s):
a)	Description of the financial instrument, type of instrument Identification code	ISIN NO0010821010 – FRN ELECTROMAGNETIC GEOSERVICES ASA SENIOR UNSECURED CONVERTIBLE USD 32,500,000 BONDS 2018/2023
b)	Nature of the transaction	Sale of bonds under public, voluntary buy-back offer made by the issuer
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		75 per cent of par (USD 75 per Bond)	15,697
d)	Aggregated information	15,697 bonds sold, each at USD 75 (being equal to 75 per cent of par) and an aggregate price of USD 1,177,275
e)	Date of the transaction	2021-07-19
f)	Place of the transaction	XOFF

1	Details of the Primary Insider/Close Associate
a)	Name	RWC European Focus Master Inc.
2	Reason for the notification
a)	Position/status	Person closely associated with Petteri Soininen, board member (a PDMR of the issuer)
b)	Initial notification/Amendment	Initial notification
3		Details of issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Electromagnetic Geoservices ASA
b)	LEI	5967007LIEEXZXI7OG55
4	Details of the transaction(s):
a)	Description of the financial instrument, type of instrument Identification code	ISIN NO0010821010 – FRN ELECTROMAGNETIC GEOSERVICES ASA SENIOR UNSECURED CONVERTIBLE USD 32,500,000 BONDS 2018/2023
b)	Nature of the transaction	Sale of bonds under public, voluntary buy-back offer made by the issuer
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		75 per cent of par (USD 75 per Bond)	8,108
d)	Aggregated information	8,108 bonds sold, each at USD 75 (being equal to 75 per cent of par) and an aggregate price of USD 608,100
e)	Date of the transaction	2021-07-19
f)	Place of the transaction	XOFF

1	Details of the Primary Insider/Close Associate
a)	Name	Perestroika AS
2	Reason for the notification
a)	Position/status	Person closely associated with Silje Augustson, chairman of the board (a PDMR of the issuer)
b)	Initial notification/Amendment	Initial notification
3		Details of issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Electromagnetic Geoservices ASA
b)	LEI	5967007LIEEXZXI7OG55
4	Details of the transaction(s):
a)	Description of the financial instrument, type of instrument Identification code	ISIN NO0010821010 – FRN ELECTROMAGNETIC GEOSERVICES ASA SENIOR UNSECURED CONVERTIBLE USD 32,500,000 BONDS 2018/2023
b)	Nature of the transaction	Sale of bonds under public, voluntary buy-back offer made by the issuer
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		75 per cent of par (USD 75 per Bond)	15,697
d)	Aggregated information	15,697 bonds sold, each at USD 75 (being equal to 75 per cent of par) and an aggregate price of USD 1,177,275
e)	Date of the transaction	2021-07-19
f)	Place of the transaction	XOFF