PGS ASA

Director's Dealing • Dec 23, 2016

Petroleum Geo-Services ASA: Mandatory Notification of Trade

Petroleum Geo-Services ASA: Mandatory Notification of Trade

December 23, 2016; In the subsequent offering announced by Petroleum Geo-

Services ASA ("PGS" or "the Company") Dave Dakin, Chief Accounting Officer in

PGS has on December 22, 2016 subscribed for 781 shares at a price of NOK 22.50,

of which 781 shares were subscribed for pursuant to granted subscription rights.

Upon completion of the subsequent offering, Dave Dakin will own a total of

7 753 shares in the Company.

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.