Not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong or Japan, or any other jurisdiction in which the release, publication or distribution would be unlawful. This announcement does not constitute an offer of any of the securities described herein.

Date: 13 February, 2020
Time: 15:30 hrs CET
Location: PGS headquarters, Lilleakerveien 4C, 0216 Oslo, Norway

Reference is made to the stock exchange announcements by PGS ASA (“PGS” or the “Company”) on 22 January 2020 regarding a successfully completed bookbuilding for the private placement (the "Private Placement") of new shares in the Company, and a potential subsequent offering (the “Subsequent Offering”).

PGS hereby calls for an Extraordinary General Meeting in the Company, where the approval of the Private Placement and the Subsequent Offering is on the agenda.

The calling notice and proxy forms for the Extraordinary General Meeting can be downloaded from www.newsweb.no or www.pgs.com.

The calling notice and proxy forms are also available in Norwegian from the related content links given below.

Contacts:
Bård Stenberg, SVP IR & Corporate Communication
Mobile:  +47 99 24 52 35