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PGS is proposing the Scheme in order to implement the financing transaction announced on October 21, the "Transaction" in the manner contemplated in the Lock-Up Agreement dated October 21, as described in PGS' announcement on that date. As of the date of this announcement, lenders representing If sanctioned by the English Court, the proposed Scheme will enable the implementation of the Transaction and will bind all RCF and TLB lenders including those who vote against or do not vote in respect of the Scheme to the terms of the Transaction. As ly announced, the Transaction is expected to Phoenix Arizona granny chat during the course of Q1 The Company will continue to operate its business as usual by performing its other obligations, including making payments of interest, as they fall due.

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PGS is wnapchat the Scheme in order to implement the financing transaction announced on Sex chats Kampong Merua 21, the "Transaction" in the manner contemplated in the Lock-Up Agreement dated October 21, as described in PGS' announcement on that date. As of the date of this announcement, lenders representing If sanctioned by the English Court, the proposed Scheme will enable the implementation of the Transaction and will bind all RCF and TLB lenders including those who vote against or do not vote in respect of the Scheme to the terms of the Transaction.

As ly announced, the Transaction is expected to close during the course of Q1 The Company will continue to operate its business as usual by performing its other obligations, including making payments of interest, as they fall due. The Company will provide updates in due course snapcjat appropriate. Further details regarding the Scheme are contained in the practice statement letter and the Lock-Up Agreement.

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The practice statemenet letter and the Lock-Up Agreement are available to Scheme Creditors only and can be accessed on www. Scheme Credtitors that have questions in relation to the practice statement letter or the Scheme may contact Lucid Issuer Shapchat Limited as Information Agent appointed by the Company at the details below.

PGS MultiClient data library is among the largest in the seismic industry, with modern 3D jude in all ificant offshore hydrocarbon provinces worldwide. For more information on PGS visit www. These statements are based on various assumptions made by the Company, which are beyond its control and are subject to certain additional risks and uncertainties.

The Company is subject to a large of risk factors including but not limited to the demand for seismic services, the demand for data from our multi-client data library, the attractiveness of our technology, unpredictable changes in governmental regulations affecting our markets and extreme weather conditions. For a further description of other relevant risk factors we refer to our Annual Report for As a result of these and other risk factors, actual events and our actual may differ materially from those indicated in or implied by such forward-looking statements.

The reservation is also made that inaccuracies or mistakes may occur in the information given above about current status of the Company or its business. Any reliance on the information above is at the risk of the reader, and PGS disclaims any and all liability in this respect.

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Any my message proposed to be issued in connection with the Scheme will not be registered under the US Securities Act ofas amended the "US Securities Act" and may not be offered or sold in the United States, snapvhat to or for the or benefit of US persons as defined in Regulation S under the US Securities Actunless they hor registered under the US Securities Act or an exemption from the registration requirements is available.