Kiltearn Partners LLP Disclosure - Petroleum Geo Services

We act as an Investment Manager for a number of
commingled funds and separate accounts
our "Clients"). In acting for our Clients, we are
given full discretion over their investments.
However, we do not act as their Custodian, and
therefore shares are not held in our name, but in the
nominee name of their Custodian Bank.

As a result of the recent private placement of shares
by Petroleum Geo-Services ASA, this has resulted in
our having control over the following shares and
voting rights (also see attached):


KILTEARN 13 983 449

KILTEARN VOTING RIGHTS 13 983 449

Our records show that Petroleum Geo-Services ASA
(ISIN: NO0010199151) has the following issued ordinary
shares:

Petroleum Geo-Services ASA (ISIN: NO0010199151)
325 079 996

Our records show that Petroleum Geo-Services ASA
(ISIN: NO0010199151) has the following voting
entitlements:

Petroleum Geo-Services ASA (ISIN: NO0010199151)
325 079 996

As a result, we exercise control over 4.3% of the
shares and 4.3% of the voting entitlements.

See attachment