Electromagnetic Geoservices ASA

EMGS - Letter of Award in India

Electromagnetic Geoservices ASA (EMGS) is pleased to announce that the Company

has signed a letter of award with a repeat customer in India worth approximately

USD 15.3 million.

The survey, which is located off the eastern coast of India, is expected to

start in early January 2016 by the vessel BOA Thalassa. The acquisition phase is

estimated to have a duration of approximately 2 months.

The gross contract value includes approximately 14% service tax.

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.

[HUG#1964547]

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