Electromagnetic Geoservices ASA

Report Publication Announcement • Mar 19, 2015

EMGS - Board of Directors approves audited financial statements for 2014

EMGS - Board of Directors approves audited financial statements for 2014

The Board of Directors of Electromagnetic Geoservices ASA (EMGS) has on 19 March

2015 approved the 2014 annual financial statements prepared in accordance with

International Financial Reporting Standards ("IFRS").

The Company reported its unaudited fourth quarter and preliminary full year

2014 results on 5 February 2015. After this, the Company has made a

precautionary provision of USD 2.0 million related to the patent case against

PGS under other operating expenses in the 2014 accounts.

Please find EMGS' full annual report for 2014 enclosed.

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#1904899]