PGS ASA

Major Shareholding Notification • Jan 3, 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

January, 3 rd 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 below 5% reportable threshold in equity shares and crossed above the 5% reportable threshold in financial instruments of the total 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:	2 nd January 2024
Event triggering the notification:	Disposal of shares and Acquisition of financial instruments.
Total new holding:	92'437'560 representing 9.68% of the 955'310'440 voting rights and of the share capital out of which 41'333'224 shares equivalent to 4.33% and 51'104'336 equivalent to 5.35% held as financial instruments. The shares and financial instruments are held indirectly by UBS Group AG and directly by its subsidiaries: UBS AG, UBS Switzerland AG, UBS Asset Management (UK) Limited, UBS Fund Management (Switzerland) AG, Credit Suisse Funds AG.

This notification has also been sent to the issuer.

If you have any questions regarding this disclosure, please contact Konstantina Georgaki on +41-44- 239 40 71 in Zurich.

Yours faithfully,

UBS Group AG

Konstantina Georgaki Sjoerd Sluimer Director Authorized Officer