PGS ASA

Major Shareholding Notification • Jan 4, 2021

Disclosure of Large Shareholding (PGS ASA)

Disclosure of Large Shareholding (PGS ASA)

Name of Person Subject to Notification Requirement:

Albert Bridge Capital LLP

Name of Shareholder(s):

The Board of Regents of the University of Texas Systems, The Boeing Company Employee Retirement Plans Master Trust, AB Alpha Europe Long Only Master Fund LTD

Background for Notification:

Crossing concurrently below the 5%, 10% and 15% thresholds

Circumstances triggering the disclosure obligation:

Albert Bridge Capital LLP is a discretionary investment manager and upon termination of the respective IMAs, the control of all the voting rights in the Issuer was passed onto the Shareholders via redemptions in kind

Name of Issuer:

PGS ASA

Issuer ISIN:

NO0010199151

Date of transaction:

as of close of business 31.12.2020

Number of shares and voting rights affected:

73,836,638 (in aggregate, equivalent to 19.07% of shares outstanding)

Resulting holding:

0. On January 4th Albert Bridge Capital LLP no longer has discretion over any voting rights in the Issuer and the only Shareholder with a subsequent, resulting holding above notification threshold (>10%) is The Board of Regents of the University of Texas Systems with 57,307,229 shares, equivalent to 14.80% of shares outstanding.