PGS ASA

Petroleum Geo-Services ASA : 2015 Annual General Meeting Completed

May 13, 2015: Oslo, Norway, Petroleum Geo-Services ASA ('PGS' or the 'Company')

held its Annual General Meeting today at PGS head office, Lilleakerveien

4C, 0216 Oslo, Norway.

The Annual General Meeting resolved to approve all matters as proposed in the

Calling Notice.

The PGS share will trade ex-dividend on May 15, 2015 and the dividend payment

date is set to be on, or about, May 29, 2015.

The minutes from the Annual General Meeting can be downloaded at www.newsweb.no

and www.pgs.com.

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Petroleum Geo-Services ("PGS" or "the Company") is a focused Marine geophysical

company that provides a broad range of seismic and reservoir services, including

acquisition, imaging, interpretation, and field evaluation. The Company's

MultiClient data library is among the largest in the seismic industry, with

modern 3D coverage in all significant offshore hydrocarbon provinces of the

world. The Company operates on a worldwide basis with headquarters in Oslo,

Norway.

For more information on Petroleum Geo-Services visit www.pgs.com.

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The information included herein contains certain forward-looking statements that

address activities, events or developments that the Company expects, projects,

believes or anticipates will or may occur in the future. These statements are

based on various assumptions made by the Company, which are beyond its control

and are subject to certain additional risks and uncertainties. The Company is

subject to a large number of risk factors including but not limited to the

demand for seismic services, the demand for data from our multi-client data

library, the attractiveness of our technology, unpredictable changes in

governmental regulations affecting our markets and extreme weather conditions.

For a further description of other relevant risk factors we refer to our Annual

Report for 2014. As a result of these and other risk factors, actual events and

our actual results may differ materially from those indicated in or implied by

such forward-looking statements. The reservation is also made that inaccuracies

or mistakes may occur in the information given above about current status of the

Company or its business. Any reliance on the information above is at the risk of

the reader, and PGS disclaims any and all liability in this respect.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1921557]

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