| Reference is made to the resolution by the extraordinary general meeting on 13 February 2014 to issue a convertible loan to Electromagnetic Geoservices ASA (EMGS) as settlement of the sellers credit granted by EMGS in connection with the company's acquisition of data for the Barents Sea. The convertible loan is in the amount of NOK 75,000,000 and has a conversion price of NOK 4.15 per share (subject to standard adjustment clauses), is now registered in the Register of Business Enterprises and will as soon as practicably possible be registered in the VPS under ISIN NO0010704281. The convertible loan matures on 2 September 2014. EMGS may convert the loan in the period from 19 June to 19 August 2014. The loan is not listed and not transferable. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. |