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Regulatory press release

PGS ASA: Settlement price of 2020 long-term incentive plan

PGS
Reference is made to PGS' stock exchange release published August 25, 2023
regarding settlement of 2020 long-term incentive plan. The payment has been
determined based on a selling price of NOK 7.3604 per share.

Primary insider notifications pursuant to the Market Abuse Regulation article
19 are attached.

For details, contact: Bård Stenberg, VP IR & Corporate Communication
Mobile: +47 99 24 52 35
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