Electromagnetic Geoservices ASA

Director's Dealing • Dec 15, 2015

EMGS - Mandatory notification of trade

EMGS - Mandatory notification of trade

The following primary insiders of Electromagnetic Geoservices ASA (EMGS) have,

on 14 December 2015, exercised Rights to subscribe for shares at NOK 0.25 per

share in the ongoing Rights Issue as follows:

Stig Eide Sivertsen, CEO, has subscribed for 79,044 new shares and has further

applied for subscription (without subscription rights) for additional 3,000,000

new shares. The shares are owned by, and subscribed through, Sivertsens wholly

owned company Theoline AS. The final ownership will be announced after the

allocation of shares.

David Neser, COO/CTO, has subscribed for 367,390 new shares. Prior to this

transaction, Neser held 66,000 shares in EMGS. After completion of the Right

Issue, he will own 433,390 shares and 625,000 options in EMGS.

Charlotte Knudsen, Head of Investor Relations, has subscribed for 75,000 new

shares. Following this transaction and after completion of the Rights

Issue, Knudsen will own 75,000 shares and 25,000 options in EMGS.

Ole Martin Pedersen, Board member, has  subscribed for 94,630 new shares. Prior

to this transaction, Pedersen held 17,000 shares in EMGS. After completion of

the Right Issue, he will own 111,630 shares and 38,000 options in EMGS.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1973465]