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2016-03-14

Petroleum Geo-Services ASA : Board Approves IFRS Financial Statements for 2015

March 14, 2016: The Board of Directors of Petroleum Geo-Services ASA ('PGS' or
the 'Company') approved the 2015 annual financial statements prepared in
accordance with International Financial Reporting Standards ("IFRS") on March
11, 2016.

The Company reported its IFRS unaudited fourth quarter and preliminary full
year 2015 results on February 15, 2016. There were no material changes to the
consolidated statements of profit and loss or the statements of financial
position compared to those presented on February 15, 2016.

The Company will make available an electronic version of the 2015 annual
report to shareholders at the latest four weeks before the Annual General
Meeting scheduled for May 11, 2016.

FOR DETAILS, CONTACT:
Bård Stenberg, VP IR&Corporate Communications
Mobile: +47 99 24 52 35

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Petroleum Geo-Services ASA via Globenewswire

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