Electromagnetic Geoservices ASA

Board/Management Information • Oct 28, 2015

CFO of Electromagnetic Geoservices has tendered his resignation

CFO of Electromagnetic Geoservices has tendered his resignation

Electromagnetic Geoservices ASA (EMGS) regrets to announce that Svein Knudsen,

the Chief Financial Officer (CFO) of the Company, has tendered his resignation.

Svein has held the position as CFO of EMGS since January 2005.

«Svein and I go way back, and he has been an instrumental part of the EMGS

history since 2005. I regret that he has chosen to pursue other endeavors

outside EMGS» says Stig Eide Sivertsen, CEO of EMGS.

Contacts

Stig Eide Sivertsen, Chief Executive Officer, +47 909 55 767

Charlotte Knudsen, Head of investor relations, +47 9756 1959

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#1961809]