Electromagnetic Geoservices ASA

AGM Information • Nov 19, 2015

EMGS - Notice from bondholders meeting in EMGS02

EMGS - Notice from bondholders meeting in EMGS02

Reference is made to the stock exchange notice by Electromagnetic Geoservices

ASA (EMGS) on 5 November 2015 regarding the summons to the bondholders' meeting.

The Company's proposed changes to the bondholder agreement were approved by the

required majority of the bondholders in the Bondholder meeting today. The Bond

Agreement will therefore be changed as set out in the summons to the meeting.

Please find enclosed the notice from the meeting

For further information, please contact:

Charlotte Knudsen, 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.

[HUG#1968023]