Flagging - Proxies for annual general meeting 2008
May 5, 2008: Oslo, Norway, Petroleum Geo-Services ASA ('PGS' or the 'Company') announced today that as of 5 May 2008 Jens Ulltveit-Moe, chairperson of the Board of Directors in PGS, holds voting rights based on proxies for 15,802,175 in PGS or 34.6 per cent of the shares registered at the deadline for registration for the Annual General Meeting to be held on 7 May 2008. Mr. Ulltveit-Moe received proxies representing 23.2 per cent of the votes represented at the Annual General Meeting from UMOE Invest AS which is a closely related party and the remaining 11.4 per cent from non-related parties. The proxies apply exclusively for the upcoming Annual General Meeting.
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FOR DETAILS, CONTACT: |
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Tore Langballe, SVP Corporate Communications
Phone: +47 67 51 43 75
Mobile: +47 907 77 841
Bård Stenberg, Investor Relations Manager
Phone: +47 67 51 43 16
Mobile: +47 992 45 235
US Investor Services
Katrina Hendrix
Phone +1 281 509 8000
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Petroleum Geo-Services is a focused geophysical company providing a broad range of seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The company also possesses the world's most extensive multi-client data library. PGS operates on a worldwide basis with headquarters at Lysaker, Norway. For more information on Petroleum Geo-Services visit www.pgs.com.
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The information included herein contains certain forward-looking statements that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future. These statements are based on various assumptions made by the Company, which are beyond its control and are subject to certain additional risks and uncertainties. The Company is subject to a large number of risk factors including but not limited to the demand for seismic services, the demand for data from our multi-client data library, the attractiveness of our technology, unpredictable changes in governmental regulations affecting our markets and extreme weather conditions. For a further description of other relevant risk factors we refer to our Annual Report for 2007. As a result of these and other risk factors, actual events and our actual results may differ materially from those indicated in or implied by such forward-looking statements.
