Electromagnetic Geoservices ASA

Report Publication Announcement • Mar 9, 2018

EMGS - Board of directors approves audited financial statements for 2017

EMGS - Board of directors approves audited financial statements for 2017

The board of directors of Electromagnetic Geoservices ASA ("EMGS" or the

"Company") has on 9 March 2018 approved the 2017 annual financial statements and

full annual report.

The Company announced its unaudited fourth quarter and preliminary full year

2017 financial results on 8 February 2018. After this point in time, the Company

has made a provision of USD 750,000 related to an indemnity obligation towards

one of its suppliers.

EMGS' full annual report for 2017 is enclosed to this stock exchange

notification.

Contact

Hege Veiseth, EMGS Chief Financial Officer, +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 exploration experts 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