EMGS - Board of Directors approved the audited financial statements for 2016

The Board of Directors of Electromagnetic Geoservices ASA (EMGS) has, on 29 March 2017, approved the 2016 annual financial statements prepared in accordance with International Financial Reporting Standards ("IFRS").

The Company reported its unaudited fourth quarter and preliminary full year 2016 results on 9 February 2017. There were no material changes in the statements compared to those presented in February.

Please find EMGS' Annual Report for 2016 enclosed.

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.