EMGS: Result of voluntary bond buy-back offer

Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 14 May 2018 announcing the voluntary buy-back of bonds (the "Bond Buy-Back") under 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 offer period under the Bond Buy-Back expired today, 22 May 2018. Under the Bond Buy-Back, the Company received offers for, and has repurchased for immediate discharge, bonds with a total aggregate nominal value of NOK 112,004,425. The repurchased bonds were repurchased at the Bond Buy-Back offer price of 103% of the par value of each bond, plus accrued but unpaid interest up until, but not including, the settlement date under the Bond Buy-Back. The remaining bonds under the Existing Bond Issue will, in accordance with the Company's call option notice of 20 April 2018, be settled in full on 7 June 2018. 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

*** This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.