Electromagnetic Geoservices ASA

Share Issue/Capital Change • Dec 15, 2015

EMGS - Reminder of expiry of subscription period in the Rights Issue today at 12:00 CET

EMGS - Reminder of expiry of subscription period in the Rights Issue today at 12:00 CET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR

INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES

The subscription period in the Rights Issue expires today, 15 December 2015, at

12:00 CET.

Reference is made to the stock exchange announcement by Electromagnetic

Geoservices ASA ("EMGS" or the "Company") on 1 December 2015 regarding the

approved prospectus and commencement of the subscription period in the rights

issue of 1,112,000,000 new shares at a subscription price of NOK 0.25 (the

"Rights Issue").

Any subscription right not sold prior to 16:30 CET on 10 November 2015, or not

used to subscribe for new shares in the Rights Issue prior to 12:00 CET today,

15 December 2015, will lapse and cease to carry any value.

The prospectus together with the subscription form is available at www.emgs.com

and www.carnegie.no, and is also available free of charge at the business

offices of the Company (Dronning Mauds gate 15, 0250 Oslo) and Carnegie

(Grundingen 2, Aker Brygge, 0106 Oslo). Norwegian investors with a VPS account

can in addition subscribe for new shares in the Rights Issue online at

www.carnegie.no.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

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

Important information:

The release is not for publication or distribution, in whole or in part directly

or indirectly, in or into Australia, Canada, Japan, Hong Kong or the United

States (including its territories and possessions, any state of the United

States and the District of Columbia).

This release is an announcement issued pursuant to legal information

obligations, and is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act. It is issued for information

purposes only, and does not constitute or form part of any offer or solicitation

to purchase or subscribe for securities, in the United States or in any other

jurisdiction. The securities mentioned herein have not been, and will not be,

registered under the United States Securities Act of 1933, as amended (the

"Securities Act"). The securities may not be offered or sold in the United

States except pursuant to an exemption from the registration requirements of the

Securities Act. The Company does not intend to register any portion of the

offering of the securities in the United States or to conduct a public offering

of the securities in the United States. Copies of this announcement are not

being made and may not be distributed or sent into Australia, Canada, Japan,

Hong Kong or the United States. The issue, exercise, purchase or sale of

subscription rights and the subscription or purchase of shares in the Company

are subject to specific legal or regulatory restrictions in certain

jurisdictions. Neither the Company nor the Manager assumes any responsibility in

the event there is a violation by any person of such restrictions.

The distribution of this release may in certain jurisdictions be restricted by

law. Persons into whose possession this release comes should inform themselves

about and observe any such restrictions. Any failure to comply with these

restrictions may constitute a violation of the securities laws of any such

jurisdiction. Carnegie is acting for the Company and no one else in connection

with the Offering and will not be responsible to anyone other than the Company

for providing the protections afforded to their respective clients or for

providing advice in relation to the Offering and/or any other matter referred to

in this release.

.

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