Electromagnetic Geoservices ASA

Regulatory Filings • Dec 1, 2014

EMGS - Contract awarded in Asia

EMGS - Contract awarded in Asia

With reference to stock exchange notice of 31 October 2014, with the

announcement of a letter of intent for acquisition in Thailand and Myanmar,

Electromagnetic Geoservices ASA (EMGS) hereby confirms that the Company has been

awarded a contract worth USD 7.0 million with PTTEP International.

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#1875457]