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PGS ASA

Major Shareholding Notification Sep 23, 2014

3712_mrq_2014-09-23_5f843a04-fbb6-462e-a310-e93ceedf5f9d.html

Major Shareholding Notification

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Disclosure of shareholdings

Disclosure of shareholdings

As of September 19, 2014, Lazard Asset Management LLC

and its subsidiaries held 8,493,174 shares (3.9%) of

Petroleum Geo-Services ASA (Sedol B1L7YL5) and

2,296,010 shares (1.054%) of Petroleum Geo-Services

ASA, American Deposit Receipts (Cusip 716599105) for

a total of 4.954%.

Lazard's percentage holding is based on the current

shares outstanding of 217,800,000.

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