Electromagnetic Geoservices ASA ("EMGS" or the "Company") has entered into multi-client licensing agreements related to its multi-client library in Norway. These agreements represent combined revenues of approximately USD 4 million, whereof the majority of the revenue is related to late sales from the Company's existing multi-client library.

The Company expects to recognise these revenues in the fourth quarter of 2018.

Hege Veiseth, CFO, +47 992 16 743