Electromagnetic Geoservices ASA

Major Shareholding Notification • Apr 23, 2014

Disclosure of Significant Shareholding in Electromagnetic Geoservices ASA

Disclosure of Significant Shareholding in Electromagnetic Geoservices ASA

Securities Regulation of 29 June 2007 ("STA") -

Disclosure of Significant Shareholding in

Electromagnetic Geoservices ASA.

In the name and on behalf of FMR LLC, 245 Summer

Street, Boston, Massachusetts 02210, United States,

(the "Investment Manager") we hereby notify you

pursuant to STA Chapter 4, Section 4-1 the following:

On 22nd April 2014 the shares and rights to shares in

Electromagnetic Geoservices ASA (the "Company")

attributable to the Investment Manager crossed below

the threshold of 5%. The threshold was crossed by

means of a sale of 547,000 shares.

As a consequence, the total shareholding deemed to be

held is 9,892,634 which represents 4.95% of the

shares outstanding and voting rights of the Company.

The shares and rights to shares are owned by the

funds listed on Schedule A and are managed by the

designated management companies which are

undertakings controlled by the Investment Manager.