Electromagnetic Geoservices ASA

Related Party Transaction • Dec 17, 2014

EMGS - Sales from the multi-client library in the Barents Sea

EMGS - Sales from the multi-client library in the Barents Sea

Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing

agreement with an oil company worth USD 7.1 million for the provision of 3D EM

data from EMGS' multi-client data library in the Barents Sea.

"This sale is yet another confirmation of the increased recognition of the

importance of EMGS' EM data in the Barents Sea," says Roar Bekker, CEO of EMGS.

The data will be delivered in December 2014 and EMGS will therefore book the

full USD 7.1 million as late sales in the fourth quarter 2014.

EMGS' multi-client data library in the Barents Sea now covers 42,000 km2, in

addition to approximately 10,000 km2 in the Norwegian Sea and 1,400 km2 in the

North Sea.

Contacts

Svein Knudsen, Chief Financial officer +47 911 41 149

Charlotte Knudsen, Head of investor relations, +47 97561959

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#1881223]