Petroleum Geo-Services ASA : Mandatory notification of trade

An employee in Petroleum Geo-Services ASA and subsidiaries ('PGS' or 'the
Company') has on June 17 2014 exercised a total number of 2 779 employee share
options. Following the exercise, 2 779 shares will be transferred from the
Company's holding of own shares.

Subsequent to the transaction Petroleum Geo-Services ASA holds 3 050 385 own
shares.

FOR DETAILS, PLEASE CONTACT:

Tore Langballe, SVP Corporate Communications
Phone:   +47 67 51 43 75
Mobile:  +47 90 77 78 41

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



[HUG#1794894]