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PGS ASA Major Shareholding Notification 2024

Jun 14, 2024

3712_mrq_2024-06-14_4b1c974b-6d55-42b7-b353-4ce00cf7b088.pdf

Major Shareholding Notification

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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

June, 14th 2024

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 crossed above the 5% reportable threshold in equity shares and below the 5% reportable threshold in financial instruments of the voting rights and share capital in the 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: 13th June 2024
Event triggering the notification: Acquisition of equity shares and disposal of financial
instruments
Total new holding: 71,113,799
representing 7.44%
of the 955,310,440
voting
rights and of the share capital
out of which 63,218,592
are
held in shares equivalent to 6.62%
and 7,895,207 equivalent
to 0.83%
held as financial instruments. The shares and
financial instruments are 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 & UBS Securities LLC.

This notification has also been sent to the Oslo Børs.

If you have any questions regarding this disclosure, please contact Sjoerd Sluimer on +41-44-235 11 50 in Zurich.

PGS ASA - Disclosure of large shareholdings June 14th , 2024 Page 2 of 2

Yours faithfully,

UBS Group AG

Konstantina Georgaki Sjoerd Sluimer Director Authorized Officer