EMGS reports multi-client sale Electromagnetic

Electromagnetic Geoservices ASA (EMGS) announces that the Company has entered into new data licensing agreements providing a net revenue of approximately USD 2.0 million to EMGS. USD 1.8 million of these revenues will be recognised in the fourth quarter of 2016, while the remaining USD 0.2 million is prefunding of planned MC data acquisition relevant for the 24th licensing round in the Barents Sea. Christiaan Vermeijden, CEO of EMGS, is pleased that see interest in 3D CSEM data from the Barents Sea and encourages customers to take advantage of the vessel being active in the area in the spring of 2017. Contact Hege Veiseth, EMGS Chief Financial Officer, +47 992 16 743 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 exploration experts 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 offices in Trondheim, Oslo, Houston, Villahermosa, Rio de Janeiro and Kuala Lumpur. 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.