Electromagnetic Geoservices ASA

Capital/Financing Update • Jun 29, 2018

EMGS: Pre-funding for multi-client survey in the Norwegian North Sea

EMGS: Pre-funding for multi-client survey in the Norwegian North Sea

Electromagnetic Geoservices ASA ("EMGS" or the "Company") has entered into an

agreement for pre-funding of a non-exclusive, multi-client 3D CSEM acquisition

in the Norwegian North Sea. The pre-funding amounts to approximately USD 1.5

million.

The Company expects to complete the survey in the third quarter of 2018.

Contact

Hege Veiseth, CFO, +47 992 16 743

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,

Villahermosa, Rio de Janeiro and Kuala Lumpur.

For more information, visit www.emgs.com

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.