Electromagnetic Geoservices ASA

EMGS: Bjorn Petter Lindhom appointed CEO

Reference is made to the stock exchange notification published by

Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 15 October 2018,

wherein it was announced that Bjørn Petter Lindhom had been appointed interim

CEO of the Company.

The board of directors of the Company has now resolved to make the appointment

permanent.

Eystein Eriksrud, Chairman of the board of directors: "The board of directors is

very pleased with the strong positive developments in EMGS. As previously

announced, the Company has secured a number of important awards, including the

LOA for a USD 73 million proprietary acquisition contract for Pemex and the USD

24 million acquisition contract in south-east Asia, which has further

strengthened the Company's leading position within the global EM market.

The board of directors is very pleased to make Mr Lindhom's appointment

permanent, and look forward to continuing to work together with him and his

management team."

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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