Electromagnetic Geoservices ASA — Director's Dealing 2021

Dec 29, 2021

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Siem Investments S.à r.l.
2	Reason for the notification
a)	Position/status	Jorgen Westad, who is a director of Electromagnetic Geoservices ASA, is a director of Siem Investments S.à r.l.
b)	Initial notification / Amendment	This notification is an initial notification.
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Electromagnetic Geoservices ASA
b)	LEI	5967007LIEEXZXI7OG55
4	Details of the transaction(s): section to the repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Convertible bonds issued by Electromagnetic Geoservices ASA with a maturity date of 9 May 2023.
	Identification code	NO 001 0821010
b)	Nature of the transaction	Transfer of bonds from Siem Investments S.à r.l. to Siem Industries S.A.
c)	Price(s) and volume(s)	Price(s):	Volume(s):
		75	9,547,000
d)	Aggregated information
	- Aggregated volume	Aggregated volume: USD 9,547,000
	- Price	Price: 75 per cent of par
e)	Date of the transaction	29 December 2021
f)	Place of the transaction	Off-market transfer