Fourth quarter results 2009

• Total revenues at USD 7.0 million for the quarter
• EBITDA loss of USD 18.7 million
• Data-licensing agreement with Rocksource in the Gulf of Mexico
• 3D EM survey worth USD 5 million awarded in the Caribbean
• Successful completion of private placement of 30 million shares at NOK 4.50 per share

Subsequent important events:

• Appointment of Dag W. Reynolds as Executive Vice President of Sales, Marketing and Business Development
• First joint EMGS - Fugro 3D EM Multi-Client project initiated in the Norwegian Sea
• Successful completion of subsequent offering of 4 million shares at NOK 4.50
• Contract worth in excess of USD 7 million awarded by Rocksource in Norway

The full fourth quarter report and presentation can be downloaded by clicking on the links below.

Contacts
Roar Bekker, EMGS chief executive officer, +47 73 56 88 10
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 www.emgs.com for more information.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)