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PGS ASA

Major Shareholding Notification • Jan 26, 2018

3712_mrq_2018-01-26_c17f3927-074f-4eca-b24a-ab9a8fe26082.html

Major Shareholding Notification

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Disclosure of Shareholding: Petroleum GEO-Services

Edinburgh Partners Limited (EPL) acts in the capacity as a discretionary investment manager to separate accounts (our Clients). In acting for our Clients, we are given full discretion over their investments, however shares are not held in our name but are held by our Clients.

The recent sale of 1,396,928 shares in Petroleum GEO-Services ASA (ISIN: NO0010199151), by EPL on 25 January 2018 on behalf of our Clients, has resulted in a decrease of EPL's holding and therefore has crossed the 5% threshold. EPL now holds 4.67% based on the total number of issued shares (338,580,000).

EPL now has control over the following shares and voting rights:

-EPL Client Shareholding: 15,832,805 (4.67% of shares)

-EPL Client Voting Rights: 11,296,579 (3.33% of voting entitlement)

Please see attached schedule for further details.

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