PGS ASA

Report Publication Announcement • Nov 23, 2016

Petroleum Geo-Services ASA: Capital Markets Day Postponed

Petroleum Geo-Services ASA: Capital Markets Day Postponed

November 23, 2016: Due the private placement and ongoing bond exchange offer

announced by PGS on November 22, 2016, the capital markets day originally

scheduled for December 1, 2016 has been postponed to March 6, 2017.

FOR DETAILS, CONTACT:

Bård Stenberg, VP IR & Corporate Communications

Phone:  +47 67 51 43 16

Mobile:  +47 99 24 52 35

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.