Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA on 9 February 2024, wherein EMGS announced that the Company had received a Letter of Intent from Equinor for a fully prefunded multi-client survey in the North Sea. The Company announced that the survey has now been awarded, with a contract value of approximately USD 2.0 million. The fully prefunded survey is expected to commence early March 2024.