PGS ASA — Major Shareholding Notification 2022

Feb 15, 2022

DISCLOSURE OF LARGE SHAREHOLDINGS, RIGHT TO SHARES AND VOTING RIGHTS PURSUANT TO SECTION 4-3 OF THE ACT ON SECURITIES TRADING

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are PGS ASA attached:
2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify): Voluntary group notification with triggered threshold on a subsidiary level
3. Full name of person(s) subject to the The Goldman Sachs Group, Inc. notification obligation:
4. Full name of shareholder(s) (if different from 3.):	Goldman Sachs International
	Goldman Sachs & Co. LLC
	Folio Investments Inc.
5. Date of the transaction (and date on which the threshold is crossed or reached if different):	11 February 2022
6. Date on which issuer notified:	14 February 2022
7. Threshold(s) that is/are crossed or reached: Below 5%

8. Notified details:

A: Voting rights attached to shares
Class/type of shares	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction
if possible using the ISIN CODE	Number of Shares	Number of Voting Rights viii	Nu mbe r of sha res	Number of voting rights ix		% of voting rights
			Dire ct	Direct x	Indirect xi	Direct	Indirect
NO0010199151	29,129,076	29,129,076			20,968,124		5.23%
US69290P1084	4	4			4		0.000001%
	Total				20,968,128		5.23%

B: Financial Instruments Resulting situation after the triggering transaction xii
Type of financial instrument	Expiration date xiii	Exercise/ Conversion Period/ Date xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

Total (A+B)
Number of voting rights	% of voting rights
20,968,128	5.23%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv:

The Goldman Sachs Group, Inc.; 20,968,128 shares; 5.23%

Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.)

Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.)

Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited)

Goldman Sachs & Co. LLC (Controlled by The Goldman Sachs Group, Inc.)

Folio Financial, Inc. (Controlled by The Goldman Sachs Group, Inc.)

Folio Investments Inc. (Controlled by Folio Financial, Inc.)

Proxy Voting:
10. Name of the proxy holder:	N/A
11. Number of voting rights proxy holder will cease to hold:	N/A
12. Date on which proxy holder will cease to hold voting rights:	N/A

13. Additional information:	General email contact: gs-regops-emea-position-enquiries@gs.com
14. Contact name:	Papa Lette
15. Contact telephone number:	+33 142 121 459