Update from EMGS

Reference is made to Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report for the third quarter of 2019, wherein the Company described delays in the approval and payment of invoices under an on-going acquisition contract in the Americas. Further details regarding the situation, and the potential consequences thereof in the event the Company is not able to resolve it, is set out in the 2019 third quarter financial report.This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act