Electromagnetic Geoservices ASA

Remuneration Information • Mar 20, 2014

EMGS - New stock options granted

EMGS - New stock options granted

In its meeting on 19 March 2014, the Board of EMGS has approved the

recommendation of the Compensation Committee dated 10 March 2014 to grant

2,675,000 new stock options to management and key employees. The options have

been awarded in accordance with the resolution in the annual general assembly

held 21 June 2013, where it was resolved that the Board could grant up to a

total of 10,000,000 stock options from 21 June 2013 and until the Annual General

Assembly in 2015 based on the existing option program and the Board's decision

to grant, or evaluate to grant, options in the scheduled board meeting held in

March each year.

The new stock options can be exercised at a strike price of NOK 7.38, which was

the closing price of the share on 19 March 2014. In accordance with the existing

option program, the new options will be vested with 20 per cent each year,

starting on the day the options are granted.

The following primary insiders were granted options:

Roar Bekker was granted 250,000 options. Following this, Roar Bekker holds a

total of 1,210,000 options and 210,000 shares in the company.

Svein Knudsen was granted 175,000 options. Following this, Svein Knudsen holds a

total of 510,000 options and 207,694 shares in the company.

David Neser was granted 125,000 options. Following this, David Neser holds a

total of 625,000 options and no shares in the company.

Vincent Vieugue was granted 125,000 options. Following this, Vincent Vieugue

holds a total of 325,000 options and no shares in the company.

Ole A. Heggheim was granted 100,000 options. Following this, Ole A. Heggheim

holds a total of 300,000 options and no shares in the company.

Anette Mellbye was granted 50,000 options. Following this, Anette Mellbye holds

a total of 380,000 options and 24,941 shares in the company.

Hege A. Veiseth was granted 50,000 options. Following this, Hege A. Veiseth

holds a total of 91,000 options and no shares in the company.

Charlotte Knudsen was granted 25,000 options. Following this, Charlotte Knudsen

holds a total of 25,000 options and no shares in the company.

Svein Ellingsrud was granted 50,000 options. Following this, Svein Ellingsrud

holds a total of 202,000 options and 702,209 shares in the company.

Contacts

Bjarte Bruheim, Chairman of the Board, +1 281 920 5601

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#1770284]