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PGS ASA Director's Dealing 2014

Oct 23, 2014

Director's Dealing

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Petroleum Geo-Services ASA : Mandatory notification of trade by CEO Jon Erik Reinhardsen

Jon Erik Reinhardsen, President & CEO of Petroleum Geo-Services ASA("PGS" or

"the Company"), has on October 23, 2014 bought 10 000 shares in PGS at a price

of NOK 36.80 per share.

Following the transaction, Jon Erik Reinhardsen owns 147 389 shares in PGS.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1865138]