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PGS ASA

Director's Dealing Dec 30, 2016

3712_dirs_2016-12-30_c80e6d3c-f2e2-4e36-98e2-7ef6515d1d8f.html

Director's Dealing

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Petroleum Geo-Services ASA: Mandatory Notification of Trade

Petroleum Geo-Services ASA: Mandatory Notification of Trade

December 30, 2016; In the subsequent offering announced by Petroleum Geo-

Services ASA ("PGS" or "the Company") Carol Bell, Board Member of PGS has on

December 29, 2016 subscribed for 560 shares at a price of NOK 22.50, of which

560 shares were subscribed for pursuant to granted subscription rights. Upon

completion of the subsequent offering, Carol Bell will own a total of 5 560

shares in the Company.

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.

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