EMGS: Voluntary bond buy-back offer to all bondhol

Reference is made to the stock exchange notifications published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") pertaining to the Comprehensive Refinancing, including the stock exchange notifications published on 16 April 2018 and 19 April 2018. Reference is further made to the stock exchange notification published by the Company on 20 April 2018, wherein it was announced that the Company had called, in full, the bond issue described as FRN Electromagnetic Geoservices ASA Senior Unsecured Callable Bond Issue 2013/2016, with ISIN NO 001 0682537 (the "Existing Bond Issue"). The Company has today offered all bondholders in the Existing Bond Issue to sell its bonds to the Company (the "Bond Buy-Back") for immediate discharge by the Company. The purpose of the Bond Buy-Back is to offer an alternative to bondholders who wish to receive early settlement of their bonds under the Existing Bond Issue. The Bond Buy-Back will commence today, 14 May 2018, at 22:00 CET and expire on 22 May 2018 at 10:00 CET. Settlement under the Bond Buy-Back is expected to take place on or about 22 May 2018. The offer price under the Bond Buy-Back is equal to 103% of the par value of all bonds offered, plus accrued but unpaid interest up until, but not including, the settlement date under the Bond Buy-Back. The Bond Buy-Back is offered to all bondholders on equal terms, and is not conditional on any minimum number of bonds being offered to the Company. Further details regarding the Bond Buy-Back are included in the attached Bond Buy-Back offer document and the bondholder offer form.

For further information, please contact: Hege Veiseth, CFO, +47 99 21 67 43 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 offices in Trondheim, Oslo, Houston, Villahermosa, Rio de Janeiro and Kuala Lumpur. For more information, visit www.emgs.com

Attachment

• Bond Buy-Back Offer Document and offer form.pdf