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PGS ASA Remuneration Information 2017

May 3, 2017

3712_dirs_2017-05-03_b080d68f-1e6e-45ad-8d23-b0666e1e5764.html

Remuneration Information

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Petroleum Geo-Services ASA: Settlement of 2013 RSU Program

1. Settlement

A part of the 2013 Performance based Restricted Stock Unit ("PRSU") program

settled on May 2, 2017. Employees in Petroleum Geo-Services ASA and subsidiaries

("PGS" or "the Company") have received a total number of 5,000 shares. Following

the transaction, 5,000 shares will be transferred from the Company's holding of

Own shares.

Subsequent to the transaction Petroleum Geo-Services ASA holds 688,164 own

shares.

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.

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PGS ASA — Remuneration Information 2017

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Petroleum Geo-Services ASA: Settlement of 2013 RSU Program

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PGS ASA Remuneration Information 2017