PGS ASA

Director's Dealing • Aug 15, 2014

Petroleum Geo-Services ASA : Mandatory notification of trade by primary insider

Petroleum Geo-Services ASA : Mandatory notification of trade by primary insider

Guillaume Cambois, Executive Vice President Imaging & Engineering in Petroleum

Geo-Services ASA("PGS" or "the Company"), has on August 15, 2014 bought 20 000

shares in PGS at a price of NOK 49.61 per share.

Following the transaction, Guillaume Cambois owns 49 038 shares in PGS.

Guillaume Cambois also holds 45 000 unexercised employee stock options in the

Company, corresponding to 45 000 shares at the strike price of NOK

73.34, 45 000 unexercised options in the Company, corresponding to 45 000 shares

at the strike price of NOK 72.07, and 42 900 restricted share units in the

Company.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1849203]