PGS ASA

Major Shareholding Notification • Jan 5, 2021

Disclosure of Large Shareholding (PGS ASA)

Disclosure of Large Shareholding (PGS ASA)

Name of Person Subject to Notification Requirement: the Board of Regents of the University of Texas Systems

Name Shareholder: the Board of Regents of the University of Texas Systems

Background for Notification: Crossing concurrently the 5% and 10% threshold

Circumstances triggering the disclosure obligation: the control of the voting rights was acquired via shares received following a redemption in kind, post termination of IMA with Albert Bridge Capital LLP

Name of Issuer: PGS ASA

Issuer ISIN: NO0010199151

Date of transaction: as of close of business 31.12.2020

Number of shares: 57,307,229

Resulting holding: at the open, on January 4th 57,307,229 shares, equivalent to 14.80% of shares outstanding will be held.