TGS ASA — Director's Dealing 2010

Jun 7, 2010

Distribution of shares to Board of Directors

With reference to the disclosure made to OSE on 4 June 2010 regarding restricted

shares as part of directors compensation, 4,800 shares (in total) have been

posted to individual directors' VPS accounts. The distribution of shares is a

part of the Directors` fee in accordance with the resolution passed by the

General Assembly on 3 June 2010.

The shares were distributed as follows: 1,600 shares to Dr. Collette Lewiner,

1,600 shares to Mark Leonard, and 1,600 to Bengt Lie Hansen.

Holdings thereafter are:

Colette Lewiner 6,100

Mark Leonard 7,100

Bengt Lie Hansen 1,600

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1422182]