On 26 March 2010, PGS ASA purchased 218 935 shares on behalf of the employees covered by the 2009 Bonus Incentive Plan, under which certain employees received a regular cash bonus and a cash bonus earmarked for share purchase (Ref notification to Oslo Børs on March 29 2010).
As a result of changes to the final calculation of share purchases by employees, 3 517 shares have been retained by PGS and transferred to its VPS account. Following the transfer the total number of shares held by PGS is 543 981.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)