December 05, 2011: Oslo, Norway, Petroleum Geo-Services ASA ('PGS' or 'the Company') advises that the Company re-purchased a total of $11,000,000 of nominal value of its Convertible Bonds (the 'CBs') with ISIN NO 0010402761 at a price of 99.0% of nominal value.
Following today's transaction PGS owns $198,000,000 of CBs representing 49.6 % of the total outstanding issue, and 730,921 shares.
FOR DETAILS, CONTACT:
Bård Stenberg, Investor Relations Manager
Phone: +47 67 51 43 16
Mobile: +47 99 24 52 35
Tore Langballe, SVP Corporate Communications
Phone: +47 67 51 43 75
Mobile: +47 90 77 78 41
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.