The chairman of the board of directors of Electromagnetic Geoservices ASA (“EMGS” or the “Company”), Mr Eystein Eriksrud, has today notified the Company that he will not seek re-election at the end of his current service period.

The Company has further been informed that Ms Anne Øian, a member of the board of directors of EMGS, will also abstain from seeking re-election at the end of her service period.

This means that Mr Eriksrud and Ms Øian will both step down from the board of directors of EMGS at the annual general meeting scheduled for 13 June 2019 (the “AGM”).

The nomination committee of EMGS has informed the Company that it will propose to the AGM that Mr Johan Kr. Mikkelsen, a current member of the board of directors, is elected as the new chairman of the board.

The nomination committee has further informed that it will propose that Ms Alexandra A. Herger is elected as a new member of the board of directors at the AGM. Ms Herger has over 40 years of experience from the E&P industry, and holds several other directorships, including as a member of the board of directors of Oslo listed Panoro Energy ASA and Stockholm listed Tethys Oil  

Contact
Hege Veiseth, CFO, +47 992 16 743