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PGS ASA Director's Dealing 2010

Jul 29, 2010

Director's Dealing

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Jon Erik Reinhardsen, President & CEO in Petroleum Geo-Services ASA, has on July

29th 2010 bought 9,000 shares in Petroleum Geo-Services ASA at a price of NOK

55,90 per share.

Following the transaction, Jon Erik Reinhardsen owns 58,785 shares and 375,000

options in Petroleum Geo-Services ASA.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1434768]