Petroleum Geo-Services ASA (OSL:PGS) MANDATORY NOTIFICATION OF TRADE

Petroleum Geo-Services ASA (OSL:PGS) Jon Erik Reinhardsen, President & CEO in Petroleum Geo-Services ASA, has on September 15th 2008 bought 5,000 shares in Petroleum Geo-Services ASA at a price of NOK 89,80 per share.

Following the transaction, Jon Erik Reinhardsen owns 15,000 shares and 150,000 options in Petroleum Geo-Services ASA.

Petroleum Geo-Services ASA

http://www.pgs.com

ISIN: NO0010199151

Stock Identifier: XOSL.PGS

US: PGSVY