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PGS ASA: Implementation of Employee 2021 Long Term Incentive Plan May 14, 2021: Oslo, Norway, PGS (or the Company ) announces that the 2021 Long Term Incentive Plan (“LTI Plan”), as approved by the Annual General Meeting on April 21, 2021, has now been implemented by allocating 5 993 000 Performance Restricted Stock Units ( PRSUs ). The awards are based on amongst other considerations the position in the Company and a review on the individual participant s performance prior to award. Any PRSU awarded will, subject to the participant s continued employment with PGS and the Company reaching certain financial goals, be settled three years after award. The complete terms and conditions of the LTI Plan are described in the calling notice for the 2021 Annual General Meeting.

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