PGS ASA: Mandatory Notification of Trade

Lars Mysen, General Counsel of PGS has on October 23, 2020 bought 40 000 shares
in PGS at a price of NOK 2.74 per share. Following the transaction, Lars Mysen
owns 76 000 shares in PGS.

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