Electromagnetic Geoservices ASA

EMGS: Change of CFO

CFO of Electromagnetic Geoservices ASA ("EMGS" or the "Company"), Hege Veiseth,

has resigned her position with the Company to pursue new challenges as CFO of

Polaris Media ASA. Ms Veiseth joined EMGS in 2007 and has served as CFO since

Anders Eimstad has been appointed interim CFO of EMGS. Mr Eimstad holds a Master

of Business Administration from Baylor University. He joined EMGS in 2006 and

has held a number of positions within the Company, most recently as VP Business

Control.

Mr Eimstad's appointment will be effective as of 1 January 2020. Ms Veiseth will

continue to serve as an employee of the Company for a transitional period.

CEO of EMGS, Bjørn Petter Lindhom, comments:

"I would like to take this opportunity to thank Hege for her outstanding

dedication to EMGS over a number of years, and whish her the best of luck in her

new position."

Contact

Hege Veiseth, CFO, +47 99 21 67 43

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.

EMGS operates on a worldwide basis with offices in Trondheim, Oslo, Houston,

Mexico City, Rio de Janeiro and Kuala Lumpur.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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