PGS ASA

Remuneration Information • Mar 14, 2017

Petroleum Geo-Services ASA: Settlement of 2013 PRSU Program

Petroleum Geo-Services ASA: Settlement of 2013 PRSU Program

A part of the 2013 Performance based Restricted Stock Unit ("PRSU") program

settled on March 13, 2017. Kai Erik Reith, Vice President Corporate Development

and a primary insider in Petroleum Geo-Services ASA ("PGS" or "the Company") has

received a total number of 2 500 shares. Following the transaction, Kai Erik

Reith owns 7 191 shares in the Company.

2 500 shares will be transferred from the Company's holding of own shares.

Subsequent to the transaction Petroleum Geo-Services ASA holds 693 164 own

shares.

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.