Electromagnetic Geoservices ASA

EMGS: Appointment of Interim CEO

Reference is made to the stock exchange notification published by

Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 28 September 2018,

wherein it was announced that Christiaan Vermeijden had decided to resign from

his position as CEO due to personal reasons.

The Board of Directors of EMGS is pleased to announce that Bjørn Petter Lindhom

has today been appointed as interim CEO of the Company. Mr Lindhom will assume

the position on 1 December 2018.

Mr Lindhom started his career at Telenor and joined EMGS in 2003. He has held a

number of technical and commercial positions within the Company's global

business, currently as Business Unit President, NSA Region (North and South

America).

Eystein Eriksrud, Chairman of the Board of Directors: "Bjørn Petter Lindhom has

extensive experience working within EMGS and the geophysical industry, and with

our customers, suppliers and other stakeholders. We are very pleased to have

been able to identify and appoint such a strong individual from within the

Company, and the Board of Directors looks forward to working together with Mr

Lindhom going forward."

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 of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

AI Terminal