Electromagnetic Geoservices ASA

AGM Information • Nov 5, 2015

EMGS - Notice of extraordinary general meeting

EMGS - Notice of extraordinary general meeting

Reference is made to the previous stock exchange notice from Electromagnetic

Geoservices ASA (EMGS) regarding the proposed share issue.

Notice is hereby given of an extraordinary general meeting of Electromagnetic

Geoservices ASA (EMGS) in the Company's offices on the 7th floor of Dronning

Mauds gt 15, 0250 Oslo to be held on 26 November 2015 at 15:00.

In the meeting, the Board of Directors of EMGS will propose to the shareholders

of the Company to increase the share capital through the issuance of new shares

with preferential and tradable subscription rights for the shareholders with

minimum gross proceeds of NOK 214 million (equivalent to ~USD 25 million) and

maximum gross proceeds of NOK 278 million (equivalent to ~USD 32.5 million). The

proposed rights issue is fully underwritten.

The calling notice will today be distributed electronically or by post to all

shareholders with a known address. The notice, as well as appendices, is also

available on EMGS' website.

Please find attached the calling notice.

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#1964261]