PGS ASA

Major Shareholding Notification • Sep 26, 2016

Corr* Disclosure of Shareholding: Petroleum GEO-Services

Corr* Disclosure of Shareholding: Petroleum GEO-Services

Edinburgh Partners Limited (EPL) acts in the capacity

as a discretionary investment manager to separate

accounts (our Clients). In acting for our Clients, we

are given full discretion over their investments,

however shares are not held in our name but are held

by our Clients.

The recent purchase of 392,598 shares in Petroleum GEO-

Services ASA (ISIN: NO0010199151), by EPL on 23

September 2016 on behalf of our Clients, has resulted

in an increase of EPL's holding and therefore has

crossed the 5% threshold. EPL now holds 5.02% based

on the total number of issued shares (239,579,996).

EPL now has control over the following shares and

voting rights:

- EPL Client Shareholding: 12,017,855 (5.02% of shares)

- EPL Client Voting Rights: 8,133,793 (3.40% of voting

entitlement)

Please see attached schedule for further details. *