PGS ASA

Director's Dealing • Jun 18, 2014

Petroleum Geo-Services ASA : Mandatory notification of trade

Petroleum Geo-Services ASA : Mandatory notification of trade

An employee in Petroleum Geo-Services ASA and subsidiaries ('PGS' or 'the

Company') has on June 17 2014 exercised a total number of 2 779 employee share

options. Following the exercise, 2 779 shares will be transferred from the

Company's holding of own shares.

Subsequent to the transaction Petroleum Geo-Services ASA holds 3 050 385 own

shares.

FOR DETAILS, PLEASE CONTACT:

Tore Langballe, SVP Corporate Communications

Phone:   +47 67 51 43 75

Mobile:  +47 90 77 78 41

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1794894]