Fugro N.V. — M&A Activity 2009

Apr 24, 2009

PRESS RELEASE

Leidschendam, the Netherlands, 24 April 2009

Fugro and EMGS enter into marine EM strategic alliance

Fugro N.V. (Fugro), the world's leading geotechnical, survey and geoscience company, today announced that it has entered into a global cooperation agreement with Electromagnetic Geoservices ASA (EMGS), the market leader in marine electromagnetic (EM) imaging. The agreement is in effect through 2011.

Under the terms of the agreement, Fugro will gain full access to EMGS's marine EM methods for hydrocarbon exploration and production, and EMGS will gain access to Fugro's worldwide marketing network and marine operating expertise. The companies have also entered into a non-exclusive worldwide multi-client cooperation agreement, as well as a non-exclusive global technology licensing agreement.

As a part of the agreement, Fugro is providing a NOK 150 million secured convertible loan bearing interest at 7.00% p.a. to EMGS. The loan can at any time be converted into common shares in EMGS at the conversion price of NOK 5.75 per share until the maturity date on 2 January 2012.

For further information:

Fugro N.V. K.S. Wester, President and CEO Telephone + 31 70 311 11 12

Fugro collects, processes and interprets data related to the earth's surface and soil composition and provides advice based on the results. As an extension to these activities, Fugro provides services such as precise positioning, construction materials testing, reservoir engineering and data management. Fugro's operations have been organized into three divisions: Geotechnical, Survey and Geoscience. Fugro is listed on Euronext Amsterdam and is included in the AEX-Index. Fugro has approximately 13,500 employees in more than fifty countries.