1. Employees in PGS have on February 20, 2013 exercised a total number of 93 585 options. Following the exercise, 93 585 shares will be transferred from Petroleum Geo-Services holding of own shares.
Subsequent to the transaction Petroleum Geo-Services ASA holds 922 022 own shares.
2. Options exercised by primary insiders on February 20, 2013:
Tore D. Langballe has exercised 25 000 options in the Company, corresponding to 25 000 shares at the strike price of NOK 39.19.
3. Transfer of rights
On February 20, 2013, the primary insider mentioned below transferred the rights to receive shares resulting from the exercise of options to a third party. The payment was determined based on a selling price of NOK 96.6527 per right.
Tore D. Langballe transferred 25 000 rights.
4. New holding
After exercising options, Tore D. Langballe holds 40 000 unexercised options in the Company, corresponding to 40 000 shares at the strike price of NOK 131.95, 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 77.29, 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 76.02 and 8 000 restricted share units in the Company. As of today the primary insider holds 4 072 shares in the company.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.