Electromagnetic Geoservices ASA

Share Issue/Capital Change • Jun 16, 2017

EMGS - Share capital reduction registered

EMGS - Share capital reduction registered

Reference is made to the resolution passed at the annual general meeting of

Electromagnetic Geoservices ASA on 25 April 2017 to reduce the Company's share

capital by NOK 295,147,251 by way of a reduction of the nominal value of the

shares to NOK 1.00. The completion of the share capital reduction has today been

registered with the Register of Business Enterprises. After the share capital

reduction, the share capital of the Company is NOK 32,794,139 divided into

32,794,139 shares, each with a nominal value of NOK 1.00. The capital reduction

has been carried out by way of a transfer to other paid in equity, and no

distribution is being carried out in connection with the share capital

reduction.

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.