We present the results of ROSAT High Resolution Imager (HRI) observations a
nd the survey data of the radio-loud Narrow-Line Seyfert 1 galaxy (NLS1) PK
S 0558-504. We find strong and persistent X-ray variability on both short a
nd medium time-scales. The most extreme amplitude variations require a radi
ative efficiency exceeding the theoretical maximum for a Schwarzschild blac
k hole, suggesting the presence of a rotating black hole or the influence o
f relativistic beaming effects. The spatial analysis rules out the possibil
ity that the high luminosity and the strong variability are related to a ne
arby source.