PGS ASA

Major Shareholding Notification • Jun 27, 2024

UBS Group AG Postfach 8098 Zürich Tel. +41-44-438 11 11

Global Shareholder Reporting Group Compliance, Regulatory & Governance

Nemanja Pantic Max-Högger-Strasse 80, 8048 Zurich Tel. +41-44-239 62 08 nemanja-n.pantic@ubs.com

www.ubs.com

Registered Strictly confidential

Oslo Børs Box 460 Sentrum 0105 Oslo Norway

June, 27th 2024

PGS ASA - Disclosure of large shareholdings under the Securities Trading Act

Dear Sir or Madam,

.

We would like to inform you that UBS Group AG has crossed above 5% of the voting rights and of the share capital in the issuer PGS ASA (NO0010199151).Please let this serve you as our disclosure as set forth below:

Name of the person obliged to notify: UBS Group AG Residing at: Bahnhofstrasse 45 CH-8001 Zurich Date of event: 26th June 2024 Event triggering the notification: Acquisition of equity shares Total new holding: 59,787,756 representing 6.26% of the 955,310,440 voting rights and of the share capital out of which 57,025,504 are held in shares equivalent to 5.97% and 2,762,252 equivalent to 0.29% held as financial instruments. The shares are held indirectly by UBS Group AG and directly by its subsidiaries: UBS AG, UBS Switzerland AG, UBS Asset Management (UK)

This notification has also been sent to the issuer.

If you have any questions regarding this disclosure, please contact Sjoerd Sluimer on +41-44-235 11 50 in Zurich.

Limited & UBS Fund Management (Switzerland) AG.

Yours faithfully,

UBS Group AG

Iwona Konwinska Sjoerd Sluimer

Associate Director Authorized Officer