Electromagnetic Geoservices ASA

Report Publication Announcement • Mar 17, 2016

CORRECTION: EMGS - Board of Directors approves audited financial statements for 2015

CORRECTION: EMGS - Board of Directors approves audited financial statements for 2015

This is a correction of the announcement from 09:01 17.03.2016 CET. Reason for

the correction: Please find an updated version of the Annual report enclosed.

The Board of Directors of Electromagnetic Geoservices ASA (EMGS) has, on 16

March 2016, approved the 2015 annual financial statements prepared in accordance

with International Financial Reporting Standards ("IFRS").

The Company reported its unaudited fourth quarter and preliminary full year

2015 results on 11 February 2016. There were no material changes in the

statements compared to those presented in the February earnings release.

Please find EMGS' Annual Report for 2015 enclosed.

Contacts

Charlotte Knudsen, EMGS head of investor relations, +47 97 56 19 59

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 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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