Electromagnetic Geoservices ASA

Capital/Financing Update • May 7, 2025

EMGS: Result of Written Resolution of Bondholders

EMGS: Result of Written Resolution of Bondholders

Reference is made to the stock exchange notification published by

Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 6 May 2025

pertaining to EMGS' proposal to extend the maturity date for, and amend certain

terms of, the Company's outstanding bond issue Elec ASA 18/25 FRN USD FLOOR STEP

C CONV ("EMGS03").

EMGS has today been notified by Nordic Trustee AS, as trustee for EMGS03, that

the proposed resolution has been resolved and adopted.

The notice from the written bondholders' resolution is attached to this release.

Contact

Anders Eimstad, CFO, +47 948 25 836

This information is published in accordance with the Norwegian Securities

Trading Act § 5-12.

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. CSEM technology can also be used to detect the

presence of marine mineral deposits (primarily Seabed Massive Sulphides) and in

other offshore construction and exploration activity.