1. Employees in PGS have exercised 363 038 options. Following the transaction, 363 038 shares will be transferred from PGS` holding of own shares. The new number of own shares held by PGS is 738 838.
2. Options exercised by primary insiders on August 2, 2011:
Guillaume Cambois has exercised 20 000 options in the Company, corresponding to
20 000 shares at the strike price of NOK 40.29.
Terje Gleasaaen has exercised 4 000 options in the Company, corresponding to
4 000 shares at the strike price of NOK 40.29.
3. Transfer of rights
On August 2, 2011, the primary insider mentioned below transferred the rights to receive shares resulting from the exercise of options to a third party. The payment was determined based on a selling price of NOK 83.0797 per right.
Guillaume Cambois transferred 20 000 rights.
Terje Gleasaaen transferred 4 000 rights.
4. New holding
After exercising options, Guillaume Cambois holds 45 000 unexercised options in the Company, corresponding to 45 000 shares at the strike price of NOK 133.05, 45 000 unexercised options in the Company, corresponding to 45 000 shares at the strike price of NOK 78.39, 45 000 unexercised options in the Company, corresponding to 45 000 shares at the strike price of NOK 77.12 and 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 40.29. As of today the primary insider holds 1 885 shares in the company.
After exercising options, Terje Gleasaaen holds 6 000 unexercised options in the Company, corresponding to 6 000 shares at the strike price of NOK 78.39, 8 000 unexercised options in the Company, corresponding to 8 000 shares at the strike price of NOK 40.29. As of today the primary insider holds 512 shares in the company.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.