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Shareholders who wish to attend the meeting are asked to inform the registrar:

Contact information for AdS Holders The depositary bank for PGS ADS is Citibank.They can be reached at:

nordea Bank norge ASA Issuer Services P.O. Box 1166 Sentrum NO-0107 Oslo

Citibank Shareholder Services P.O.Box 43077 Providence, RI 02940-3077 United States

Tel: +47 22 48 62 62 Fax: +47 22 48 63 49

Toll free: +1 877 CITI ADR Outside the USTel: +1 781 575 4555 Fax: +1 201 324 3284

Owners of ADSs can vote by surren- dering their ADSs to the ADS registrar, Citibank, and having title to the related shares registered in the share register maintained at the VPS prior to the meeting.

E-mail: citibank@shareholders-online. com.

Rating As of December 31, 2008 PGS had a

PGS SHARE

PGS versus norwegian markets 2008 PGS share price (NOK) versus market and sector

140

120

10 0

80

60

40

20

0

JAN.

PGS

FEB.

MAR.

APRIL

OSE10GI

OSEBX

MAY

JUNE

JULY

AUG.

PGS versus uS markets 2008 PGS share price (USD) versus market and sector

140

120

10 0

80

60

40

20

0

JAN.

PGS

FEB.

MAR.

APRIL

S&P 500

OSX

MAY

JUNE

JULY

AUG.

PGS ANNUAL REVIEW 2008 48

“Ba2” rating from Moody's Investors Service and a “BB- (Stable)” rating from Standard & Poor's. Ratings in 2007 were exactly the same as in 2008. Moody's has in addition rated PGS' senior secured loan to Ba2 and S&P PGS' convertible bond to B.

international Financial Reporting Standards (“iFRS”) PGS began reporting under IFRS from January 1, 2007. A separate transition document has been made, quantifying the differences between PGS' previ- ous reporting standard, US GAA , and IFRS.The document is available on, www.pgs.com.

SEPT.

OCT.

NOV.

DEC.

SEPT.

OCT.

NOV.

DEC.

PGS Main Offices

oSlo Petroleum Geo-Services ASA Strandveien 4 P.O.Box 89 NO-1325 Lysaker, Norway Phone: +47 67 52 64 00 Fax: +47 67 52 64 64

HouSton Petroleum Geo-Services, Inc. 15150 Memorial Drive HoustonTexas 77079, USA Phone: +1 281 509 8000 Fax: +1 281 509 8500

london Petroleum Geo-Services (UK) Ltd. 4,The Heights Brooklands Weybridge Surrey KT13 0NY Phone: +44 1932 260 001 Fax: +44 1932 266 465

SinGAPoRe Petroleum Geo-Services Asia #02-00ThongTeck Bldg. 15 Scotts Road 22 82 18 Singapore Phone: +65 6735 6411 Fax: +65 6735 6413

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