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Correction: TGS Share Repurchase

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Oslo, Norway (18 November 2021) – On period from 10 November 2021 to 11 November 2021, TGS ASA (TGS) purchased 27,467 own shares on the Oslo Stock Exchange at an average price of NOK 89.3659 per share. Following the purchase TGS owns 1,098,143 shares, representing 0.935% of the total outstanding shares.

The shares were purchased in connection with the share repurchase announced on 11 February 2021.

Overview of transactions

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (NOK)

Total daily transaction value (NOK)

11-Nov-21

10,000

89.6650

896,650

12-Nov-21

7,467

88.8959

663,786

15-Nov-21

10,000

89.4177

894,177

Previously disclosed buy-backs under the program (accumulated)

1,055,676

107.0113

112,969,238

Accumulated under the buy-back program

1,083,143

106.5638

115,423,850

The issuer's holding of own shares:

Following the completion of the above transactions, TGS owns a total of 1,098,143 own shares, corresponding to 0.935% of TGS' share capital.

Appendix:

An overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

About TGS
TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions.

For more information, visit TGS.com or contact:

Sven Børre Larsen
Chief Financial Officer
investor@tgs.com

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