Electromagnetic Geoservices ASA

EMGS: Annual General Meeting held

The annual general meeting (the "AGM") of Electromagnetic Geoservices ASA

("EMGS" or the "Company") was held today, 13 June 2019 at 12:00 CEST.

All items were resolved in accordance with the board of directors' proposals and

the Nomination Committee's recommendations. This included the election of Mr

Johan Kr Mikkelsen as the new chairman of the board of directors, and the

election of Ms Alexandra A. Herger as a new, independent director to the board

of directors. Consequently, the board of directors of EMGS consists of the

following persons:

*Shareholder elected:

Johan Kr. Mikkelsen (chairman)

Petteri Soininen

Mimi K. Berdal

Alexandra A. Herger

*Employee elected:

Marte Karlsen

Jon Gunnar Solheim

Ellen Fossbakk (alternate director)

Adam Robinson (alternate director)

In accordance with the proposal from the board of directors, the AGM, as part of

its approval of the annual report and financial statements for the financial

year 2018, resolved to reduce the Company's share premium account as of the

balance sheet date to zero and offset the full value against other equity

(uncovered loss). Based on the AGM's resolution, an updated annual report will

be published by the Company within short.

The minutes of meeting are attached hereto.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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