Disclosure of Large Shareholding (PGS ASA)

Name of Person Subject to Notification Requirement: Board of Regents of the University of Texas Systems

Name Shareholder: Board of Regents of the University of Texas Systems

Background for Notification: Crossing below the 5% threshold

Circumstances triggering the disclosure obligation: Sale of shares

Name of Issuer: PGS ASA

Issuer ISIN: NO0010199151

Date of transactions:

5/3/2021 456,962
5/4/2021 993,903
5/5/2021 660,210
5/6/2021 697,436
5/7/2021 366,800
5/10/2021 468,494
5/11/2021 665,373
5/12/2021 684,337
5/14/2021 538,975
5/18/2021 867,300
5/21/2021 3,416
5/25/2021 158,654
5/27/2021 1,075,018
5/28/2021 231,666
5/31/2021 309,531
6/1/2021 1,905,109
6/2/2021 473,699
6/3/2021 542,194
6/4/2021 675,873
6/7/2021 869,435
6/8/2021 360,429
6/9/2021 469,649
6/10/2021 338,861
6/11/2021 277,130
6/14/2021 558,632
6/15/2021 23,348,508

Number of shares sold: 37,997,594
Resulting holding: following the transactions, no shares are held.