Electromagnetic Geoservices ASA

Major Shareholding Notification • Dec 7, 2015

EMGS - Disclosure of large shareholding

EMGS - Disclosure of large shareholding

RWC Asset Management LLP, as discretionary investment manager of the RWC

European Focus Master Inc., has gained the option to cross the 10% disclosure

threshold after purchasing 20,000,000 subscription rights in Electromagnetic

Geoservices ASA (EMGS) at an average price of NOK [0.03] per subscription right.

RWC European Focus Master Inc. holds 18,576,200 million shares, representing

9.3% of the registered share capital, which led to the receipt of 103,404,788

rights to subscribe for new shares in the ongoing Rights Issue in EMGS.

The additional purchase of 20,000,000 million subscription rights triggered the

disclosure obligation. After the transaction, RWC European Focus Master Inc.

holds shares and rights to acquire shares which, if the rights are exercised,

will equal 10.8% of the share capital after completion of the Rights Issue. RWC

European Focus Master Inc. is the shareholder and RWC Asset Management LLP is

the entity exercising their rights.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1971852]