TGS ASA

Delisting Announcement • Jun 24, 2024

OTC Markets Group Welcomes TGS ASA to OTCQX

OTC Markets Group Welcomes TGS ASA to OTCQX

OSLO, Norway (24 June 2024) - OTC Markets Group Inc.

(https://www.otcmarkets.com/stock/OTCM/quote?utm_source=Press%20Release&utm_medi

um=Press%20Release&utm_campaign=New%20OTCQX%20Company) (OTCQX: OTCM), operator

of regulated markets for trading 12,000 U.S. and international securities, today

announced TGS ASA

(https://www.otcmarkets.com/stock/TGSNF/quote?utm_source=Press+Release&utm_mediu

m=Press+Release&utm_campaign=New+OTCQX+Company) (Oslo Bors: TGS; OTCQX: TGSNF,

TGSGY), a company that provides energy data and intelligence to companies and

investors across energy markets, has qualified to trade on the OTCQX® Best

Market. TGS ASA upgraded to OTCQX from the Pink® market.

TGS ASA begins trading today on OTCQX under the symbols "TGSNF" and "TGSGY."

U.S. investors can find current financial disclosure and Real-Time Level 2

quotes for the company on www.otcmarkets.com (http://www.otcmarkets.com).

Upgrading to the OTCQX Market is an important step for companies seeking to

provide transparent trading for their U.S. investors.  For companies listed on a

qualified international exchange, streamlined market standards enable them to

utilize their home market reporting to make their information available in the

U.S. To qualify for OTCQX, companies must meet high financial standards, follow

best practice corporate governance and demonstrate compliance with applicable

securities laws.

Sven Borre Larsen, CFO at TGS, commented, "Entering the OTCQX Market marks an

important milestone for TGS ASA. By joining this market, we aim to enhance

recognition and engagement among a broader base of U.S. investors, also making

it easier for a larger group of U.S. investors to access our shares. This move

underscores our commitment to maintaining high financial standards and best

practice corporate governance. We are confident that cross-trading on OTCQX will

provide additional long-term value to our shareholders by increasing

transparency, accessibility and trading volumes, ultimately contributing to the

sustained growth and success of TGS ASA."

About TGS ASA

TGS provides energy data and intelligence to companies and investors across

energy markets. We offer the world's largest global energy data library,

including seismic data, magnetic and gravity data, multi-beam and coring,

digital well log and production data, wind energy data, data to identify CCS

opportunities, and other types of renewable data. And, with the recent

acquisition of Magseis Fairfield, we are now also the world's leading OBN

provider. In addition, we also offer specialized services such as advanced

processing and analytics, data management and cloud-based data applications and

solutions.

Contact:

Sven Børre Larsen, Chief Financial Officer

Email: investor@tgs.com (mailto:investor@tgs.com)

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading

12,000 U.S. and international securities. Our data-driven disclosure standards

form the foundation of our three public markets: OTCQX® Best Market, OTCQB®

Venture Market and Pink® Open Market.

Our OTC Link® Alternative Trading Systems (ATSs) provide critical market

infrastructure that broker-dealers rely on to facilitate trading.  Our

innovative model offers companies more efficient access to the U.S. financial

markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS,

operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets,

visit www.otcmarkets.com (http://www.otcmarkets.com).

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Media Contact:

OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

(mailto:media@otcmarkets.com)