Major Shareholding Disclosure

JPMorgan Chase & Co. ("JPMC ") has a notifiable interest in the share capital of PGS ASA as a result of trades by its subsidiary J.P. Morgan Securities plc. The total number of shares held by JPMC on 17 March 2020 was 19,568,405 being 5.054% of the issued share capital and voting rights of the company. The equity holding in JPMC crossed notification threshold of 5% on 17 March 2020.