Electromagnetic Geoservices ASA

Share Issue/Capital Change • Jun 29, 2016

Key information relating to reverse share split to be carried out by EMGS

Key information relating to reverse share split to be carried out by EMGS

On 11 February 2016, Electromagnetic Geoservices ASA (EMGS) announced that the

Board of Directors would propose to the Annual General Meeting (AGM) to do a

reverse share split of 1 to 40 shares with a par value of NOK 10.00. The reverse

share split was approved at the Company's AGM on 9 June 2016, at which the Board

was given the authority to determine the date of the reversed share split.

On 28 June 2016, the Board of EMGS approved that Thursday 30 June 2016 is the

last date on which the EMGS share is traded including the right to receive

shares according to the exchange ratio for the reversed share split.

Please note the following key dates for the reversed share split by EMGS:

Date/ event on which the corporate Fourth quarter results, 11 February

action was made public: 2016

Reverse split ratio: 40 old shares give 1 new share

Last day including right: 30 June 2016

Ex-date: 1 July 2016

Record date: 4 July 2016

Date of approval: AGM, 9 June 2016

This information is published in accordance with the requirements of the

Continuing Obligations.

Contact

Charlotte Knudsen, Head of Investor Relations, +47 9756 1959

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 main offices in Trondheim and Oslo,

Norway; Houston, USA; and Kuala Lumpur, Malaysia.

For more information, visit www.emgs.com

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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