PGS ASA - NEW SHARE CAPITAL REGISTERED

20 Sep 2023 10:23 CEST

Oslo, 20 September 2023

PGS ASA ("PGS" or the "Company") refers to the announcement on 18 September
2023 regarding a successfully placed private placement (the "Private Placement")
of 45,760,726 new ordinary shares in the Company.

The share capital increase pertaining to the Private Placement was registered
with the Norwegian Register of Business Enterprises today 20 September 2023.
Following registration of the share capital increase pertaining to the Private
Placement, the issued share capital of the Company is NOK 2,865,931,320
comprising 955,310,440 shares, each with a nominal value of NOK 3.00.

Contacts:

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

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PGS is a fully integrated marine geophysical company that provides a broad range
of seismic and reservoir services, including data acquisition, imaging,
interpretation, and field evaluation. Our services are provided to the oil and
gas industry, as well as to the broader and emerging new energy industries,
including carbon storage and offshore wind. The Company operates on a worldwide
basis with headquarters in Oslo, Norway and the PGS share is listed on the Oslo
stock exchange (OSE: PGS). For more information on PGS visit www.pgs.com.

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