Electromagnetic Geoservices ASA

Share Issue/Capital Change • Mar 2, 2018

Key information relating to proposed rights issue and convertible bond issue to be carried out by EMGS

Key information relating to proposed rights issue and convertible bond issue to be carried out by EMGS

Reference is made to the stock exchange notification published by

Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 2 March 2018

pertaining to the proposed Comprehensive Refinancing of the Company. All

capitalised terms used in this stock exchange notification are references to

those terms as defined in that stock exchange notification.

This stock exchange notification sets out certain key information related to the

proposed Rights Issue and Bond Issue. The information set out in the below

applies both to the Rights Issue and the Bond Issue, unless otherwise specified.

Date on which the terms and conditions of the preferential rights issue and

convertible loan were announced: 2 March 2018

Last day including right: 17 April 2018

Ex-date: 18 April 2018

Record Date: 19 April 2018

Date of approval: 23 March 2018

Maximum number of new shares under rights issue: 70,833,333

Maximum principal amount of convertible loan: USD 32,500,000

Subscription price rights issue: Within a range of a minimum of NOK 1.5 per

share and a maximum of NOK 5 per share.

Will the rights under the Rights Issue be listed: Yes

Will the rights under the Bond Issue be listed: No

Other information: The above information is based on an assumption that the

Comprehensive Refinancing will be resolved by the extraordinary general meeting

of the Company in accordance with the proposal from the Independent Board.

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

This information is published in accordance with the requirements of the

Continuing Obligations.