Electromagnetic Geoservices ASA

Share Issue/Capital Change • Apr 11, 2014

EMGS: Exercise of options in EMGS - capital increase

EMGS: Exercise of options in EMGS - capital increase

Based on the power of attorney granted at the annual general meeting of EMGS on

21 June 2013, the Board of Directors of EMGS has in board proceedings 10 April

2014 approved a share issue of 26,000 shares, each with a face value of NOK

0.25 at the option price of NOK 4.28 per share for 13,000 of the new shares and

NOK 5.77 for 13,000 of the new shares. The share issue is completed through

exercising of stock options in connection with EMGS' stock option program.

As a result, the share capital will be increased by NOK 6,500 from NOK

49,934,888.75 to NOK 49,941,388.75. The number of shares after the issue is

199,765,555.

Contacts

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.

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