Electromagnetic Geoservices ASA - M&A Activity 2014

EMGS - Agreement with OMV (Norge) AS for the Barents Sea

Electromagnetic Geoservices ASA (EMGS) has received a contract worth USD 2.7

million from OMV (Norge) AS and its partners in PL537 for 3D EM data acquisition

in the Barents Sea.

The survey will commence in July using the vessel Atlantic Guardian.

Contacts

Roar Bekker, EMGS chief executive officer, +47 73 56 88 10

Charlotte Knudsen, EMGS head of investor relations, +47 97 56 19 59

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.

EMGS operates on a worldwide basis with main offices in Trondheim and Oslo,

Norway; Houston, USA; and Kuala Lumpur, Malaysia.

For more information, visit www.emgs.com

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1823310]

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