PGS ASA

Major Shareholding Notification • Dec 30, 2014

Disclosure

Disclosure

We act as an Investment Manager for a number of

commingled funds and separate accounts

(our "Clients"). In acting for our Clients,

we are given full discretion over their investments.

However, we do not act as their Custodian, and

therefore shares are not held in our name, but in the

nominee name of their Custodian Bank.

The recent purchase of 198,584 shares in Petroleum

Geo-Services ASA (ISIN: NO0010199151) by ourselves,

on behalf of our Clients, have resulted in our having

control over the following shares and voting rights

(also see attached):

Company: Petroleum Geo-Services ASA (ISIN:

NO0010199151)

Share Class: ORDINARY

Issued Share as at 30 December 2014:

217 799 997

KP Ownership: 10 959 814

KP Voting Ownership: 10 959 814

% of Shares: 5.03

Attachment at http://www.newsweb.no