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TGS Share Repurchase

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Oslo, Norway (04 November 2021) – On period from 29 October 2021 to 03 November 2021, TGS ASA (TGS) purchased 21,000 own shares on the Oslo Stock Exchange at an average price of NOK 80.7161 per share. Following the purchase TGS owns 1,046,995 shares, representing 0.892% 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)

29-Oct-21

10,000

79.0940

790,940

2-Nov-21

10,000

82.1419

821,419

3-Nov-21

1,000

82.6800

82,680

Previously disclosed buy-backs under the program (accumulated)

1,010,995

108.0127

109,200,330

Accumulated under the buy-back program

1,031,995

107.4573

110,895,369

The issuer's holding of own shares:

Following the completion of the above transactions, TGS owns a total of 1,046,995 shares, corresponding to 0.892% 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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