Reference is made to the stock exchange notification published by
Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 6 May 2025
pertaining to EMGS' proposal to extend the maturity date for, and amend certain
terms of, the Company's outstanding bond issue Elec ASA 18/25 FRN USD FLOOR STEP
C CONV ("EMGS03").
EMGS has today been notified by Nordic Trustee AS, as trustee for EMGS03, that
the proposed resolution has been resolved and adopted.
The notice from the written bondholders' resolution is attached to this release.
Contact
Anders Eimstad, CFO, +47 948 25 836
This information is published in accordance with the Norwegian Securities
Trading Act ยง 5-12.
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. CSEM technology can also be used to detect the
presence of marine mineral deposits (primarily Seabed Massive Sulphides) and in
other offshore construction and exploration activity.