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PGS ASA

Director's Dealing Dec 28, 2016

3712_dirs_2016-12-28_3eefdc45-a7ec-4c3c-8560-d9a7d3a34a8a.html

Director's Dealing

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Petroleum Geo-Services ASA: Mandatory Notification of Trade

Petroleum Geo-Services ASA: Mandatory Notification of Trade

December 28, 2016; In the subsequent offering announced by Petroleum Geo-

Services ASA ("PGS" or "the Company") Espen Grimstad, Senior Navigation

Specialist and employee elected Board Member in PGS has on December 27, 2016

subscribed for 800 shares at a price of NOK 22.50, of which 87 shares were

subscribed for pursuant to granted subscription rights. Upon completion of the

subsequent offering, Espen Grimstad will own a total of between 870 and 1 583

shares in the Company.

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.

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