New Share Capital after Conversion of Parts of

July 9, 2021; Oslo, Norway, reference is made to PGS ASA (the “Company”) convertible bond mortgage with ISIN NO0010920697 within the mixture quantity of NOK 116,162,097 issued in Q1 2021. The Company has acquired conversion notices from convertible bondholders representing NOK 7,483,275 on this bond difficulty to transform 7,483,275 bonds into shares with a conversion value of NOK 3. Pursuant to straightforward phrases set out within the bond phrases, the bonds are thus convertible into 2,494,425 new freely tradable shares within the Company. After the conversion, the remaining principal excellent beneath the convertible bond mortgage quantities to NOK 85,822,050. The share capital enhance pertaining to the conversion of convertible bonds has immediately been registered within the Norwegian Register of Business Enterprises (Nw.:Foretaksregisteret). The Company’s new share capital is NOK 1,191,961,035 divided into 397,320,345 shares, every with a nominal worth of NOK 3. The new shares shall be listed on the Oslo Stock Exchange and shall be tradeable from the time at which they’re issued within the VPS, anticipated to be on July 9, 2021.

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


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