Mandatory Notification of Trade

Carol Bell, board member of Petroleum Geo-Services ASA, has on February
28, 2011 bought 2,500 shares in Petroleum Geo-Services ASA at a price of NOK
92.94 per share.

Following the transaction, Carol Bell owns 2,500 shares and 0 options in
Petroleum Geo-Services ASA.

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


[HUG#1492996]