PGS on Share Capital Increase

Instant Max AI Immediate Frontier

(PGS, 18.Jul.2022) — Reference is made to the stock exchange announcements made by PGS ASA regarding the final results in the subsequent offering of up to 38,155,803 new shares at a subscription price of NOK 3.70.

The share capital increase pertaining to the subsequent offering comprising all the new shares has now been registered with the Norwegian Register of Business Enterprises. The new share capital of the company is NOK 1,965,186,249 comprising 655,062,083 shares, each with a nominal value of NOK 3.00.

The new shares will be delivered to the subscribers and registered with the VPS under the company’s ISIN NO0010199151 and expected to become freely tradable on Oslo Børs under the trading symbol “PGS” from and including 21 July 2022.

See the prospectus dated 29 June 2022 and the prospectus supplement dated 11 July 2022 for further information and the terms and conditions for the subsequent offering.

Carnegie AS is acting as the manager in the subsequent offering and Advokatfirmaet BAHR AS is acting as legal advisor to the company.

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