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TGS Share Repurchase

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Oslo, Norway (25 November 2021) – On period from 18 November 2021 to 24 November 2021, TGS ASA (TGS) purchased 60,832 own shares on the Oslo Stock Exchange at an average price of NOK 88.0144 per share. Following the purchase TGS owns 1,158,975 shares, representing 0.987% 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)

18-Nov-21

10,000

90.3877

903,877

19-Nov-21

10,000

87.8880

878,880

22-Nov-21

20,000

88.0178

1,760,356

23-Nov-21

20,000

86.9421

1,738,842

24-Nov-21

832

86.7000

72,134

Previously disclosed buy-backs under the program (accumulated)

1,083,143

106.5638

115,423,850

Accumulated under the buy-back program

1,143,975

105.5774

120,777,940

The issuer's holding of own shares:

Following the completion of the above transactions, TGS owns a total of 1,158,975 own shares, corresponding to 0.987% 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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