Electromagnetic Geoservices ASA

Earnings Release • Dec 9, 2015

EMGS reports Multi-Client sales in US Gulf of Mexico project

EMGS reports Multi-Client sales in US Gulf of Mexico project

Electromagnetic Geoservices ASA (EMGS) announces that the Company has entered

into a data licensing agreement with an international oil company for the

provision of 3D EM data from the multi-client data library over the Daybreak

project located in the western US Gulf of Mexico worth a total of USD 1.5

million.

The Daybreak data set is bordering Mexico's Perdido offshore oil province, and

we find it encouraging that sales also are emerging from cross boarder

exploration strategies in this region, say's Juan M. Santana, EMGS President -

NSA.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1972328]