18 February 2020 Oslo, Norway: Reference is made to previous announcements by
PGS ASA ("PGS" or the "Company") in respect of the refinancing first published
on 21 January 2020 (the "Refinancing"). PGS is pleased to announce that the
Refinancing transaction has been completed.
As announced on 21 January 2020, selected terms and conditions of the TLB and
RCF are summarized in a Company presentation made available on PGS's website
www.pgs.com (http://www.pgs.com).
Contacts:
Bård Stenberg, SVP IR & Corporate Communication
Mobile: +47 99 24 52 35
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This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.