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PGS ASA

Remuneration Information Dec 5, 2016

3712_dirs_2016-12-05_af8289b1-259d-4d11-bd54-f22dd9e9a829.html

Remuneration Information

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Petroleum Geo-Services ASA: Settlement of 2013 RSU Program

Petroleum Geo-Services ASA: Settlement of 2013 RSU Program

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

settled on December 2, 2016. Employees in Petroleum Geo-Services ASA and

subsidiaries ("PGS" or "the Company") have received a total number of 2 000

shares. Following the transaction, 2 000 shares will be transferred from the

Company's holding of own shares.

Subsequent to the transaction Petroleum Geo-Services ASA holds 695 664 own

shares.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

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