Electromagnetic Geoservices ASA

Regulatory Filings • May 15, 2014

EMGS - New contract in the Barents Sea

EMGS - New contract in the Barents Sea

Electromagnetic Geoservices ASA (EMGS) has received a signed contract from a

repeat customer worth NOK 10 million (USD 1.7 million) for 3D EM data

acquisition in the Barents Sea.

The Company expects to commence the survey in May, using the vessel BOA

Thalassa.

Contacts

Svein Knudsen, EMGS chief financial officer, +47 73 56 88 10

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#1785426]