February 8, 2012: Oslo, Norway, Petroleum Geo-Services ASA ('PGS' or the 'Company') advises that the Company yesterday re-purchased a total of $800,000 of nominal value of its Convertible Bonds (the CBs') with ISIN NO 0010402761 at a price of 100.25% of nominal value.
Following the transaction PGS owns $223,300,000 of CBs representing 55.8% of the total outstanding issue, and 1,223,921 shares.
| FOR DETAILS, CONTACT: |
| Bård Stenberg, Investor Relations Manager Phone: +47 67 51 43 16 Mobile: +47 99 24 52 35 Tore Langballe, SVP Corporate Communications Phone: +47 67 51 43 75 Mobile: +47 90 77 78 41 |
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.