Board Approves IFRS Financial Statements for 2016

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March 15, 2017

Today the Board of Directors of Petroleum Geo-Services ASA ('PGS' or the 'Company') approved the 2016 annual financial statements prepared in accordance with International Financial Reporting Standards ("IFRS").

The Company reported its IFRS unaudited fourth quarter and preliminary full year 2016 results on February 16, 2017. There were no changes to the consolidated statements of profit and loss or the statements of financial position compared to those presented on February 16, 2017.

The Company will make available an electronic version of the 2016 annual report to shareholders at the latest four weeks before the Annual General Meeting scheduled for May 10, 2017.

Bård Stenberg, VP IR & Corporate Communications
Mobile:  +47 99 24 52 35

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Contact Investor Relations

You are welcome to send us an email or call Bård Stenberg VP IR & Corporate Communications: +47 992 45 235