Electromagnetic Geoservices ASA

EMGS: New share capital registered

Reference is made to the stock exchange notifications published by

Electromagnetic Geoservices ASA ("EMGS" or the "Company") pertaining to the

Comprehensive Refinancing, including the stock exchange notifications published

on 16 April 2018 and 19 April 2018.

Reference is further made to the stock exchange notification published on 7 May

2018, wherein it was announced, amongst other things, that the Company would

issue a total of 39,540,816 new shares (the "New Shares"), each at a

subscription price of NOK 2.45 per share.

The share capital increase pertaining to the New Shares has now been registered

with the Norwegian Register of Business Enterprises. The Company's new

registered share capital is NOK 130.969,690, divided on 130.969,690 shares, each

with a par value of NOK 1.

The New Shares will be delivered to the subscribers' VPS accounts on

18 May 2018.

For further information, please 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,

Villahermosa, Rio de Janeiro and Kuala Lumpur.

For more information, visit www.emgs.com

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