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TGS ASA Director's Dealing 2017

Jan 11, 2017

3774_mrq_2017-01-11_61bcba3b-98ec-4297-a7af-09a33e707f63.pdf

Director's Dealing

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KILTEARN PARTNERS LLP

Edinburgh EH3 8BL Exchange Place 3 3 Semple Street Telephone 0131 460 1040 Facsimile 0131 228 1830

N-0105, Oslo Norway Oslo Stock Exchange Tollbugt. 2 PO Box 460, Sentrum

11 January 2017

Dear Oslo Stock Exchange,

We act as an Investment Manager for a number of commingled funds and separate accounts (our "Clients"). In acting for our Clients, we are given full discretion over their investments. However, we do not act as their Custodian, and therefore shares are not held in our name, but in the nominee name of their Custodian Bank.

The recent sale of 68470 shares in TGS Nopec Geophysical (ISIN: NO0003078800) by ourselves, on behalf of our Clients, have resulted in our having control over the following shares and voting rights (also see attached):

KILTEARN 5,076,240
KILTEARN VOTING RIGHTS 5,076,240
Our records show that TGS Nopec Geophysical (ISIN: NO0003078800) has the following issued ordinary shares:
TGS Nopec Geophysical (ISIN: NO0003078800) 102,135,990
Our records show that TGS Nopec Geophysical (ISIN: NO0003078800) has the following voting entitlements:

TGS Nopec Geophysical (ISIN: NO0003078800)

As a result, we exercise control over 4.97% of the shares and 4.97% of the voting entitlements.

Yours Faithfully,

102,135,990

Stuart Gunderson Chief Compliance Officer

Registered Office: Exchange Place 3, 3 Semple Street, Edinburgh, EH3 8BL Partnership Registration Number: SO303158 AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY

Company:
TGS Nopec Geophysical (ISIN: NO0003078800) Attention: Oslo Stock Exchange
Share Class:
ORDINARY
Address: Tollbugt. 2
PO Box 460, Sentrum
N-0105, Oslo
Norway
Issued Share as at 31 December 2016:
102,135,990
KP Ownership:
5,076,240
Date of trade: 11th January 2017
KP Voting Ownership:
5,076,240
% of Shares Number of real voting rights as at 31 December 2016: % of Voting Entitlements
4.97 102,135,990 4.97
KP Account Nominee Kiltearn Current
Share Holding
% Holding at
Fund Level
KILTEARN GLOBAL EQUITY FUND Northern Trust Co 3,337,656 3.27
651 Holiday Drive, Suite 300
Pittsburgh, Pennsylvania 15220
USA
KILTEARN GLOBAL EQUITY SRI FUND Northern Trust Co 276,471 0.27
651 Holiday Drive, Suite 300
Pittsburgh, Pennsylvania 15220
USA
KILTEARN GLOBAL EQUITY (IRELAND) FUND Northern Trust Co 725,015 0.71
c/o Northern Trust Fund Services (Ireland) Limited
George's Court, 54-62 Townsend Street
Dublin 2, Ireland
SEPARATE ACCOUNTS Separate Account Custodians 737,098 0.72
c/o Kiltearn Partners LLP
Exchange Place 3, 3 Semple Street
Edinburgh, EH3 8BL
TOTAL 5,076,240 4.97