PGS: Settlement of 2014 PRSU Program

Via Netfonds

1. Settlement

The 2014 Performance based Restricted Stock Unit (“PRSU”) program settled on

June 6, 2017. Employees in Petroleum Geo-Services ASA and subsidiaries (“PGS” or “the Company”) have received a total number of 642 900 shares. Following the transaction, 642 900 shares will be transferred from the Company’s holding of own shares.

Subsequent to the transaction Petroleum Geo-Services ASA holds 45 264 own shares.

2. Receipt of shares by primary insiders

Out of the abovementioned shares, the following were received by primary insiders:

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