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DIRS - PGS ASA: Settlement of Long-term Incentive Plans

Company: PGS ASA Date: 2024-06-28 Language: English Register to download
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## **PGS ASA: REPORTING OF TRANSACTIONS MADE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM IN PGS ASA'S SHARES**

Oslo, 28 June 2024: Pursuant to the Market Abuse Regulation article 19, PGS ASA (the "**Company**"), hereby notify receipt of information of the following transactions made by persons discharging managerial responsibilities in the Company and persons closely associated with them in the Company's shares and other financial instruments linked thereto.

| 1  |                                                                                                                                                                                                         | Details of the Reporting Person / their Closely Associated Persons                                                                                                                         |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a) | Name                                                                                                                                                                                                    | Rune Olav Pedersen                                                                                                                                                                         |
| 2  | Reason for the notification                                                                                                                                                                             |                                                                                                                                                                                            |
| a) | Position/status                                                                                                                                                                                         | President & CEO                                                                                                                                                                            |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |
| 3  | auctioneer or auction monitor                                                                                                                                                                           | Details of the issuer, emission allowance market participant, auction platform,                                                                                                            |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans).                                |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>1 218 000                                                                                                                                          |
| d) | Aggregated information<br>-<br>Aggregated volume                                                                                                                                                        | A total of 1 218 000 PRSUs settled into cash at an aggregate price<br>of NOK 0 using                                                                                                       |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |

| 1  | Details of the Reporting Person / their Closely Associated Persons                                                                                                                                      |                                                                                                                                                                                            |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a) | Name                                                                                                                                                                                                    | Gottfred Langseth                                                                                                                                                                          |
| 2  | Reason for the notification                                                                                                                                                                             |                                                                                                                                                                                            |
| a) | Position/status                                                                                                                                                                                         | Executive Vice President & Chief Financial Officer                                                                                                                                         |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>511 000                                                                                                                                            |
| d) | Aggregated information<br>-<br>Aggregated volume                                                                                                                                                        | A total of 511 000 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                         |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |

| 1  | Details of the Reporting Person / their Closely Associated Persons                                                                                                                                      |                                                                                                                                                                                            |  |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|
| a) | Name                                                                                                                                                                                                    | Nathan Selvoy Oliver                                                                                                                                                                       |  |
| 2  |                                                                                                                                                                                                         | Reason for the notification                                                                                                                                                                |  |
| a) | Position/status                                                                                                                                                                                         | Executive Vice President Sales & Services                                                                                                                                                  |  |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |  |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |  |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |  |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |  |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |  |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |  |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |  |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>511 000                                                                                                                                            |  |
| d) | Aggregated information<br>-<br>Aggregated volume                                                                                                                                                        | A total of 511 000 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                         |  |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |  |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |  |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |  |

| 1  | Details of the Reporting Person / their Closely Associated Persons                                                                                                                                      |                                                                                                                                                                                            |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a) | Name                                                                                                                                                                                                    | Robert James Adams                                                                                                                                                                         |
| 2  | Reason for the notification                                                                                                                                                                             |                                                                                                                                                                                            |
| a) | Position/status                                                                                                                                                                                         | Executive Vice President Operations                                                                                                                                                        |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>511 000                                                                                                                                            |
| d) | Aggregated information<br>-<br>Aggregated volume                                                                                                                                                        | A total of 511 000 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                         |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |

| 1  | Details of the Reporting Person / their Closely Associated Persons                                                                                                                                      |                                                                                                                                                                                            |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a) | Name                                                                                                                                                                                                    | Berit Osnes                                                                                                                                                                                |
| 2  | Reason for the notification                                                                                                                                                                             |                                                                                                                                                                                            |
| a) | Position/status                                                                                                                                                                                         | Executive Vice President New Energy                                                                                                                                                        |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>405 000                                                                                                                                            |
| d) | Aggregated information<br>-<br>Aggregated volume                                                                                                                                                        | A total of 405 000 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                         |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |

| 1  | Details of the Reporting Person / their Closely Associated Persons                                                                                                                                      |                                                                                                                                                                                            |  |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|
| a) | Name                                                                                                                                                                                                    | Lars Ragnar van der Bijl Mysen                                                                                                                                                             |  |
| 2  |                                                                                                                                                                                                         | Reason for the notification                                                                                                                                                                |  |
| a) | Position/status                                                                                                                                                                                         | General Counsel                                                                                                                                                                            |  |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |  |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |  |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |  |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |  |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |  |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |  |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |  |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>187,000                                                                                                                                            |  |
| d) | Aggregated information<br>-<br>Aggregated volume                                                                                                                                                        | A total of 187,000 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                         |  |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |  |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |  |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |  |

| 1  | Details of the Reporting Person / their Closely Associated Persons                                                                                                                                      |                                                                                                                                                                                            |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a) | Name                                                                                                                                                                                                    | Erik Ewig                                                                                                                                                                                  |
| 2  | Reason for the notification                                                                                                                                                                             |                                                                                                                                                                                            |
| a) | Position/status                                                                                                                                                                                         | Senior Vice President Technology & Digitalization                                                                                                                                          |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>380 000                                                                                                                                            |
| d) | Aggregated information<br>-<br>Aggregated volume                                                                                                                                                        | A total of 380 000 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                         |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |

| 1  | Details of the Reporting Person / their Closely Associated Persons                                                                                                                                      |                                                                                                                                                                                            |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a) | Name                                                                                                                                                                                                    | Kristin Omreng                                                                                                                                                                             |
| 2  | Reason for the notification                                                                                                                                                                             |                                                                                                                                                                                            |
| a) | Position/status                                                                                                                                                                                         | Senior Vice President Global HR                                                                                                                                                            |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>187 000                                                                                                                                            |
| d) | Aggregated information<br>-<br>Aggregated volume                                                                                                                                                        | A total of 187 000 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                         |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |

| 1  | Details of the Reporting Person / their Closely Associated Persons                                                                                                                                      |                                                                                                                                                                                            |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a) | Name                                                                                                                                                                                                    | Kai Reith                                                                                                                                                                                  |
| 2  | Reason for the notification                                                                                                                                                                             |                                                                                                                                                                                            |
| a) | Position/status                                                                                                                                                                                         | Senior Vice President Corporate Development                                                                                                                                                |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>187 000                                                                                                                                            |
| d) | Aggregated information<br>-<br>Aggregated volume                                                                                                                                                        | A total of 187 000 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                         |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |

| 1  | Details of the Reporting Person / their Closely Associated Persons                                                                                                                                      |                                                                                                                                                                                            |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a) | Name                                                                                                                                                                                                    | Bård Stenberg                                                                                                                                                                              |
| 2  | Reason for the notification                                                                                                                                                                             |                                                                                                                                                                                            |
| a) | Position/status                                                                                                                                                                                         | Vice President Investor Relations & Corporate Communications                                                                                                                               |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>187 000                                                                                                                                            |
| d) | Aggregated information<br>Aggregated volume<br>-                                                                                                                                                        | A total of 187 000 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                         |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |

| 1  |                                                                                                                                                                                                         | Details of the Reporting Person / their Closely Associated Persons                                                                                                                         |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a) | Name                                                                                                                                                                                                    | Anette Valbø                                                                                                                                                                               |
| 2  | Reason for the notification                                                                                                                                                                             |                                                                                                                                                                                            |
| a) | Position/status                                                                                                                                                                                         | Board Member                                                                                                                                                                               |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>38 500                                                                                                                                             |
| d) | Aggregated information<br>-<br>Aggregated volume                                                                                                                                                        | A total of 38 500 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                          |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |

| 1  | Details of the Reporting Person / their Closely Associated Persons                                                                                                                                      |                                                                                                                                                                                            |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a) | Name                                                                                                                                                                                                    | Carine Roalkvam                                                                                                                                                                            |
| 2  | Reason for the notification                                                                                                                                                                             |                                                                                                                                                                                            |
| a) | Position/status                                                                                                                                                                                         | Board Member                                                                                                                                                                               |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>57 000                                                                                                                                             |
| d) | Aggregated information<br>Aggregated volume<br>-                                                                                                                                                        | A total of 57 000 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                          |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |

| 1  | Details of the Reporting Person / their Closely Associated Persons                                                                                                                                      |                                                                                                                                                                                            |  |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|
| a) | Name                                                                                                                                                                                                    | Eivind Vesterås                                                                                                                                                                            |  |
| 2  | Reason for the notification                                                                                                                                                                             |                                                                                                                                                                                            |  |
| a) | Position/status                                                                                                                                                                                         | Board Member                                                                                                                                                                               |  |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |  |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |  |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |  |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |  |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |  |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |  |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |  |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>38 500                                                                                                                                             |  |
| d) | Aggregated information<br>-<br>Aggregated volume                                                                                                                                                        | A total of 38 500 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                          |  |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |  |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |  |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |  |

| 1  | Details of the Reporting Person / their Closely Associated Persons                                                                                                                                      |                                                                                                                                                                                            |  |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|
| a) | Name                                                                                                                                                                                                    | Gunhild Myhr                                                                                                                                                                               |  |
| 2  | Reason for the notification                                                                                                                                                                             |                                                                                                                                                                                            |  |
| a) | Position/status                                                                                                                                                                                         | Alternate Board Member                                                                                                                                                                     |  |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |  |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |  |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |  |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |  |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |  |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |  |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |  |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>72 000                                                                                                                                             |  |
| d) | Aggregated information<br>Aggregated volume<br>-                                                                                                                                                        | A total of 72 000 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                          |  |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |  |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |  |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |  |

| 1  | Details of the Reporting Person / their Closely Associated Persons                                                                                                                                      |                                                                                                                                                                                            |  |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|
| a) | Name                                                                                                                                                                                                    | Merethe Bryn                                                                                                                                                                               |  |
| 2  | Reason for the notification                                                                                                                                                                             |                                                                                                                                                                                            |  |
| a) | Position/status                                                                                                                                                                                         | Alternate Board Member                                                                                                                                                                     |  |
| b) | Initial notification<br>/Amendment                                                                                                                                                                      | Initial Notification                                                                                                                                                                       |  |
| 3  | Details of the issuer, emission allowance market participant, auction platform,<br>auctioneer or auction monitor                                                                                        |                                                                                                                                                                                            |  |
| a) | Name                                                                                                                                                                                                    | PGS ASA                                                                                                                                                                                    |  |
| b) | LEI                                                                                                                                                                                                     | 213800T66DRTE6O6BV87                                                                                                                                                                       |  |
| 4  | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)<br>each type of transaction; (iii) each date; and (iv) each place where transactions have<br>been conducted |                                                                                                                                                                                            |  |
| a) | Description of the<br>financial instrument, type<br>of instrument and<br>identification code                                                                                                            | Performance based restricted Stock Units (PRSUs), derivative from<br>ordinary shares in PGS ASA<br>ISIN: NO 0010199151                                                                     |  |
| b) | Nature of the transaction                                                                                                                                                                               | Settlement of awarded Performance based Restricted Stock Units<br>(PRSUs) under the Company's 2021, 2022 and 2023 Long Term<br>Incentive Plans (LTI Plans)                                 |  |
| c) | Price(s) and volume(s)                                                                                                                                                                                  | Price(s) in<br>Volume(s)<br>NOK<br>0<br>114 000                                                                                                                                            |  |
| d) | Aggregated information<br>Aggregated volume<br>-                                                                                                                                                        | A total of 114 000 PRSUs settled into cash at an aggregate price of<br>NOK 0 using                                                                                                         |  |
|    | -<br>Price                                                                                                                                                                                              | NOK 0 per PRSU and each to settle using a price per share of NOK<br>8,711 (being the Volume Weighted Average Price for the PGS ASA<br>share on 27 June 2024, pursuant to the merger plan). |  |
| e) | Date of the transaction                                                                                                                                                                                 | 2024-06-28                                                                                                                                                                                 |  |
| f) | Place of the transaction                                                                                                                                                                                | Outside a trading venue                                                                                                                                                                    |  |