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 :

5. Date on which the threshold was crossed or reachedvi: 16/02/2024

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 suer vii
Resulting situation on the date on which threshold was crossed or reached	0.27%	4.93%	5.20%	955,310,440
Position of previous notification (if appli cable)	1.66%	5.18%	6.84%

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 rights ix		% 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		2,576,370		0.27%


SUBTOTAL A	2,576,370		0.27%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
Type of financial instru ment	Expiration date x	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		33,862,622	3.54%
		SUBTOTAL B.1	33,862,622	3.54%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC
Type of financial instrument	Expiration date x	Exercise/ Conversion Pe riod x i	Physical or cash settlement xii	Number of voting rights	% of voting rights
Swap	18/10/2024		Cash	12,442,631	1.30%
Swap	16/02/2034		Cash	273,247	0.03%
Swap	09/02/2034		Cash	221,725	0.02%
Swap	29/06/2026		Cash	170,286	0.02%
Swap	07/02/2034		Cash	65,753	0.007%
Swap	16/10/2028		Cash	32,362	0.003%

Swap	07/02/2034	Cash	19,671	0.002%
Swap	23/01/2034	Cash	8,465	0.001%
Swap	17/08/2026	Cash	6,732	0.001%
Swap	09/02/2034	Cash	1,993	0.0002%
		SUBTOTAL B.2	13,242,866	1.39%

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

The Goldman Sachs Group, Inc.
Goldman Sachs Bank USA
Goldman Sachs Bank Europe SE

The Goldman Sachs Group, Inc.
GSAM Holdings LLC

Goldman Sachs Asset Management, L.P.

The Goldman Sachs Group, Inc.
GSAM Holdings LLC
GSAMI Holdings I LLC
GSAMI Holdings II LTD
Goldman Sachs Asset Management Inter national

The Goldman Sachs Group, Inc.
GSAM Holdings LLC
Goldman Sachs Asset Management, L.P.
Goldman Sachs Asset Management Inter national Holdings LLC
Goldman Sachs Asset Management CO., LTD.

The Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC

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: [email protected]

Done at London 19/02/2024

Annex: Notification of major holdings (only to be filed with competent authority and not with the relevant issuer)

A: Identity of the person subject to the notification obligation

Full name (including legal form for legal entities) The Goldman Sachs Group, Inc.

Contact address (registered office for legal entities) Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, USA

E-Mail [email protected]

Phone number / Fax number +44 20 7051 3075

Other useful information (at least legal a contact person for legal persons) Alexandra J Wessel Email: [email protected] Tel: +44 207 774 5006

B: Identity of the notifier, if applicable

Goldman Sachs International

Contact address

25, Shoe Lane, Plumtree Court, London, EC4A 4AU, UK

E-Mail

Phone number / Fax number

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

Goldman Sachs International is an indirect wholly owned subsidiary of The Goldman Sachs Group, Inc.

C: Additional information:

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