Mandatory Notification of Trade

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Rune Olav Pedersen, President & CEO of Petroleum Geo-Services ASA ("PGS" or "the Company"), has on October 31, 2017 bought 33 000 shares in PGS at a price of NOK 11.90 per share.

Following the transaction, Rune Olav Pedersen owns 90 617 shares in PGS. He also holds 90 000 PRSUs and 45 000 RSUs in the Company.

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

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