PGS ASA

Major Shareholding Notification • Apr 18, 2024

Date:22 October 2015 ESMA/2015/1597

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: PGS ASA

LEI: 213800T66DRTE6O6BV87

2. Reason for the notification (please tick the appropriate box or boxes):

[ ] An acquisition or disposal of voting rights

[X] An acquisition or disposal of financial instruments

[ ] An event changing the breakdown of voting rights

[ ] Other (please specify)iii:

3. Details of person subject to the notification obligationiv :

Name: The Goldman Sachs Group, Inc. City and country of registered office (if applicable): Corporation Trust Centre, 1209 Orange Street, Wilmington DE 19801, USA

4. Full name of shareholder(s) (if different from 3.)v : Goldman Sachs International

5. Date on which the threshold was crossed or reachedvi: 16/04/2024

6. Total positions of person(s) subject to the notification obligation:

	% of voting rights at tached to shares (to tal of 7.A)	% of voting rights through financial instru ments (total of 7.B.1 + 7.B.2)	Total of both in % (7.A + 7.B)	Total number of voting rights of is suervii
Resulting situation on the date on which threshold was crossed or reached	0.09%	10.23%	10.32%	955,310,440
Position of previous notification (if appli cable)	0.41%	9.64%	10.05%

7. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type of shares ISIN code (if possible)	Number of voting rightsix		% of voting rights
	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)
NO0010199151		846,656		0.09%
SUBTOTAL A	846,656		0.09%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
Type of financial instru ment	Expiration datex	Exercise/ Conversion Periodxi	Number of voting rights that may be ac quired if the instrument is exercised/ con verted.	% of voting rights
Securities Lending	Open		76,127,331	7.97%
		SUBTOTAL B.1	76,127,331	7.97%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC
Type of financial instrument	Expiration datex	Exercise/ Conversion Pe riod x i	Physical or cash settlementxii	Number of voting rights	% of voting rights
Swap	18/10/2024		Cash	15,445,429	1.62%
Swap	01/03/2034		Cash	5,665,626	0.59%
Swap	29/06/2026		Cash	261,709	0.03%
Swap	09/02/2034		Cash	140,728	0.01%
Swap	07/02/2034		Cash	40,457	0.004%
Swap	17/08/2026		Cash	15,099	0.002%

Swap	17/08/2026	Cash	6,734	0.001%
Swap	23/01/2034	Cash	5,423	0.001%
Swap	09/02/2034	Cash	1,070	0.0001%
Swap	22/03/2027	Cash	444	0.00005%
		SUBTOTAL B.2	21,582,720	2.26%

8. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[X] Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:

Namexv	% of voting rights if it equals or is higher than the notifiable thresh old	% of voting rights through financial instruments if it equals or is higher than the notifiable thresh old	Total of both if it equals or is higher than the notifiable threshold
The Goldman Sachs Group, Inc.
Goldman Sachs (UK) L.L.C.
Goldman Sachs Group UK Limited
Goldman Sachs International		9.56%	9.63%
The Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC
The Goldman Sachs Group, Inc.
Goldman Sachs Bank USA
Goldman Sachs Bank Europe SE

9. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

10. Additional informationxvi:

Please note, the total amount of voting rights has been rounded to 2 decimal places and therefore there is a possibility of a rounding difference.

General email contact: gs-regops-emea-position-enquiries@gs.com

Done at Warsaw on 17/04/2024.