EMGS: Summons for written resolution in relation to Elec ASA 18/25 FRN USD FLOOR STEP C CONV

08 Apr 2026 10:00 CEST

Reference is made to the stock exchange notification published by
Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 31 March 2026
announcing a binding transaction agreement (the "Transaction Agreement") between
the Company and P-2 Riggs Capital, Inc. ("Riggs Capital" or the "Buyer"), under
which Riggs Capital will acquire EMGS' business operations and assets, including
hardware, IPR, contractual positions and all of the Company's employees (the
"Transaction").

Closing of the Transaction is subject to, amongst other things, obtaining the
necessary consents and waivers from the bondholders of the Company's convertible
bond issue Elec ASA 18/25 FRN USD FLOOR STEP C CONV ("EMGS03").

Attached hereto is a summons for a written resolution by the bondholders in
EMGS03 regarding the above referenced consents and waivers.

The proposed amendments are supported by bondholders holding a number of bonds
sufficient to approve the proposed written resolution.

Contact
Anders Eimstad, Chief Financial Officer, +47 948 25 836

This information is published in accordance with the Norwegian Securities
Trading Act § 5-12.

About EMGS (prior to completion of the Transaction)
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.

For more information, visit www.emgs.com

More information:
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670117_260408 - EMGS03 - NO0010821010 - April 2026 -Notice of written resolution.pdf