Exercise of options in EMGS – capital increase

Based on the power of attorney granted at the
ordinary General meeting of EMGS ASA on 3 June 2009,
the Board of Directors of EMGS ASA has in a board
meeting 15 December 2009 approved a share issue of
5,000 shares, each with a face value of NOK 0.25 at
the option price of NOK 4.28 per share. As a result,
the share capital will be increased by NOK 1.250,-
from NOK 30,392,315.25 to 30,393,565.25. The number
of shares after the issue is 121,574,261.

The share issue is completed through exercising of
stock options in connection with EMGS’s stock option

Remaining stock options granted to employees in the
EMGS Group after this exercise are 6,787,200.

Svein Knudsen, EMGS chief financial officer +47 22 01
14 00

About EMGS
EMGS uses its proprietary electromagnetic (EM)
technology to support oil and gas companies in their
search for offshore hydrocarbons. The company is the
EM market leader, and provides Clearplay, the world’s
first fully integrated EM system.

Three service offerings – Clearplay Find, Test and
Evaluate – have been designed to assist operators in
the exploration and production phase. Clearplay
supports each stage in the workflow, from survey
design and data acquisition to processing and
interpretation. The services enable 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.

EMGS operates the world’s first purpose-built 3D EM
vessel fleet and has conducted more than 450 surveys
to improve drilling success rates across the world’s
mature and frontier offshore basins. The company
operates on a worldwide basis with main offices in
Trondheim and Stavanger, Norway; Houston, USA; and
Kuala Lumpur, Malaysia. Please visit for
more information.

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