Electromagnetic Geoservices ASA

EMGS - New Board of Directors proposed by nomination committee

With reference to section 3 of the Calling Notice to the Extraordinary General

Meeting (EGM) in Electromagnetic Geoservices ASA (EMGS), the Company's

Nomination Committee has put forth a proposal for election of new shareholder

elected members to the Board of Directors of the Company.

The Nomination Committee proposes that the Board of EMGS shall comprise of the

following shareholder elected persons; Eystein Eriksrud, Petteri Soininen, Johan

Mikkelsen, Mimi Berdal, Tone Østensen and the existing members of the Board,

Guro H. Løken and Stig Eide Sivertsen.

"We have had a constructive dialogue with the Company's largest shareholders,

and we are pleased to present a proposal which should have a considerable

support among the Company's shareholders," says Jogeir Romestrand, Chairman of

the Nomination Committee.

In addition to the shareholder elected directors, the Board includes employee

representatives elected by and among the employees.

"The proposed Board represents varied and broad experience, with a good

combination of industrial, financial and legal competence, and I am pleased that

the main shareholders are represented. I have had good discussions with the

nomination committee and the main shareholders, and I look forward to continue

the dialogue with the new Board about my future role for the Company," says

Bjarte Bruheim, Executive Chairman of EMGS.

Please find the full proposal from the Nomination Committee attached, including

the proposal to the remuneration to the resigning members of the Board and CVs

for the candidates proposed.

Contacts

Bjarte Bruheim, Chairman of the Board of EMGS, +47 911 41 149

Svein Knudsen, EMGS chief financial officer, +47 911 41 149

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#1881395]

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