EMGS: Disclosure of shareholding

3/16/2012 3:19 AM EST

Reference is made to the press release dated 15 March 
2012 regarding a contemplated sale of shares in 
Electromagnetic Geoservices ASA ("EMGS" or 
the "Company").

Warburg Pincus Partners LLC and Warburg Pincus & Co 
("Warburg Pincus") has on behalf of various funds 
managed by Warburg Pincus (together "the Warburg 
Pincus funds") sold 21,873,434 shares in EMGS at a 
price of NOK 18.75 per share. The shares were placed 
after close of markets yesterday through an 
accelerated bookbuilding process with Carnegie ASA 
acting as sole bookrunner and joint-lead manager and 
Arctic Securities ASA acting as joint-lead manager.

The Warburg Pincus funds now hold no shares or rights 
to shares in EMGS. As a consequence of the 
transactions Warburg Pincus has passed the thresholds 
of both 10 percent and 5 percent of the outstanding 
share capital, cf. the Securities Trading Act section 
4-2 second paragraph.