Electromagnetic Geoservices ASA

EMGS: Vessel activity and multi-client sales update for the third quarter 2020

Electromagnetic Geoservices ASA (the "Company" or "EMGS") releases information

on vessel activity and multi-client sales during the quarter 4-5 working days

after the close of each quarter.

At the end of the third quarter 2020 the Company had one vessel on charter, the

Atlantic Guardian. The Atlantic Guardian was cold stacked in Norway for the

entire quarter.

Multi-client revenues in the third quarter

The Company expects to record approximately USD 0.1 million in multi-client

revenues for the third quarter 2020.

EMGS will publish its third quarter 2020 financial results on Thursday 5

November 2020 at 07:30 local time (Norway). A recorded presentation will be

broadcasted over the Internet, available from 10:00 local time (Norway). To

access the presentation, please go to the Company's homepage (www.emgs.com

(http://www.emgs.com/)) and follow the link.

Contact

Anders Eimstad, Chief Financial Officer, +47 948 25 836

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 exploration experts a clearer and more complete

understanding of the subsurface. This improves exploration efficiency and

reduces risks and the finding costs per barrel.

For more information, visit www.emgs.com (http://www.emgs.com/)?

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

AI Terminal