PGS Principles of Conduct

We are committed to living our core values, which means we are committed to conducting our business with the utmost integrity.  We hold ourselves to high ethical standards that provide the foundation for how we conduct our business around the world.

To maintain our ethical standards, we:

• take responsibility for acting in compliance with laws and Company policies
• keep an awareness of the legal issues affecting the Company with particular attention to those pertaining to each of our areas of responsibility
• act in a manner utilizing good judgment and honesty in all of our business dealings
• encourage others to aspire to high ethical standards and never encourage or permit others to break the law
• actively seek and follow the advice of our supervisors or appropriate Company representatives
• make ourselves available to address issues of concern and promote open and honest communication
• foster an open and sharing environment, encourage transparency and provide accurate and timely information
• raise uncertainty of any misconduct or unethical behavior to our supervisor or appropriate Company representative to ensure our integrity and ethical standards are maintained
• monitor compliance with laws and policies and take appropriate action to correct any deficiencies
• never intimidate or threaten those reporting any misconduct or unethical behavior

These principles are applied everyday in conducting our business.  Our Business Practices provide a summary of the principal areas of law affecting the Company and certain Company policies.  It is intended to increase the awareness of the legal and ethical issues that may arise in the course of conducting our business.