EMGS: Approved Prospectus and commencement of Subscription Period

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SINGAPORE OR THE UNITED STATES

The Financial Supervisory Authority of Norway has approved a prospectus (the “Prospectus”) covering the issue and listing of 58,634,735 new shares in Electromagnetic Geoservices ASA (“EMGS” or the “Company”) with tradable subscription rights for existing shareholders of the Company as per the end of 19 June 2017 as registered in the VPS on 21 June 2017 (the “Rights Issue”). A link to the Prospectus can be found on the Company’s homepage www.emgs.com

The subscription period commences 22 June 2017 at 09:00 CET and expires on 6 July 2017 at 12:00 CET (the “Subscription Period”). The Subscription Rights (as defined below) will be listed and tradable on Oslo Børs under the ticker “EMGS T” from 22 June 2017 at 09:00 CET until 4 July 2017 at 16:30 CET.

The gross proceeds to be raised in the Rights Issue are NOK 143,655,100 and will be used to strengthen the Company’s financial position and for general corporate purposes.

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