Settlement of 2014 RSU Program

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1. Settlement

A part of the 2014 Performance based Restricted Stock Unit ("RSU") program settled on February 2, 2018. Employees in Petroleum Geo-Services ASA and subsidiaries ("PGS" or "the Company") have received a total number of 1000 shares. Following the transaction, 1000 shares will be transferred from the Company's holding of Own shares.

Subsequent to the transaction Petroleum Geo-Services ASA holds 6888 own shares.

This information is subject of the disclosure requirements acc. to §5-12 vphl (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