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PGS ASA Director's Dealing 2023

Oct 13, 2023

3712_mrq_2023-10-13_296b96c7-0f6f-4732-96ed-c82955ba68bb.pdf

Director's Dealing

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UBS Group AG Postfach 8098 Zürich Tel. +41-44-438 11 11

Global Shareholder Reporting Group Compliance, Regulatory & Governance

Nemanja Pantic Max-Högger-Strasse 80, 8048 Zurich Tel. +41-44-239 62 08 [email protected]

www.ubs.com

Registered Strictly confidential

Oslo Børs Box 460 Sentrum 0105 Oslo Norway

October, 13th 2023

PGS ASA - Disclosure of large shareholdings under the Securities Trading Act

Dear Sir or Madam,

We would like to inform you that UBS Group AG has fallen below the reportable threshold of 5% of the share capital in issuer PGS ASA (NO0010199151). Please let this serve you as our disclosure as set forth below:

Name of the person obliged to notify: UBS Group AG

Residing at: Bahnhofstrasse
45
CH-8001
Zurich

Date of event: October, 12th 2023

Event triggering the notification: Disposal of shares

Total new holding: 42'431'528 shares representing 4.44% of the 955'310'440 voting rights and of the share capital held indirectly by UBS Group AG and directly by its subsidiaries: UBS AG, UBS Switzerland AG, UBS Asset Management (UK) Limited, UBS Fund Management (Switzerland) AG, Credit Suisse International and Credit Suisse Funds AG.

This notification has also been sent to the issuer.

If you have any questions regarding this disclosure, please contact Konstantina Georgaki on +41-44- 239 40 71 in Zurich.

PGS ASA - Disclosure of large shareholdings October, 12th 2023 Page 2 of 2

Yours faithfully,

UBS Group AG

Konstantina Georgaki Sjoerd Sluimer Director Authorized Officer