TGS ASA — Earnings Release 2016

Jul 28, 2016

Correction of conference call time: TGS Q2 2016 webcast and teleconference

Correction of conference call time: TGS Q2 2016 webcast and teleconference

ASKER, NORWAY (28 July 2016) - TGS will release the preliminary financial

statement for Q2 2016 on 4 August 2016 at approximately 7:00 am CEST.

Kristian Johansen (CEO) and Sven Børre Larsen (CFO) will present the results at

8:30 am CEST at the Hotel Continental (Teatersalen) in Oslo, Norway.  The

presentation is open to the public.  The presentation can be followed live on

the internet at www.tgs.com.

The slides from the presentation will also be available in PDF format on the TGS

website.

Kristian Johansen and Sven Børre Larsen will host a conference call on 4 August

2016 at 3:00 pm CEST (9:00 am New York time).  Attendees may want to call 5-10

minutes before 3:00 pm CEST (9:00 am New York time) to ensure registration and

access.

* Norwegian attendees are invited to call +800 56054 or +472316 2729

* International attendees are invited to call 0800 279 4977 or

+44(0)20 3427 1917

* US attendees are invited to call +1 877 280 2342

Participants will need to quote the following confirmation code when dialing

into the conference: 6552754

A Q&A session will follow a short introduction, based upon the presentation

issued in the morning. To pose a question, please press *1.

A replay of the conference call will be available shortly after. To access

replay of the TGS conference call,

* dial +47 2100 0498 (Norway) or +44 (0)20 3427 0598 (International) or

+1 866 932 5017 (US)

* replay access code 6552754 followed by # (pound-sign)

A replay of the conference call will also be available at www.tgs.com.

Company summary

TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil

and gas Exploration and Production companies worldwide.  In addition to

extensive global geophysical and geological data libraries that include multi-

client seismic data, magnetic and gravity data, digital well logs, production

data and directional surveys, TGS also offers advanced processing and imaging

services, interpretation products, and data integration solutions.

For more information visit TGS online at www.tgs.com.

Forward-looking statements and contact information

All statements in this press release other than statements of historical fact

are forward-looking statements, which are subject to a number of risks,

uncertainties and assumptions that are difficult to predict, and are based upon

assumptions as to future events that may not prove accurate. These factors

include TGS' reliance on a cyclical industry and principle customers, TGS'

ability to continue to expand markets for licensing of data, and TGS' ability to

acquire and process data products at costs commensurate with profitability.

Actual results may differ materially from those expected or projected in the

forward-looking statements. TGS undertakes no responsibility or obligation to

update or alter forward-looking statements for any reason.

TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange

(OSLO:TGS).

TGS sponsored American Depositary Shares trade on the U.S. over-the-counter

market under the symbol "TGSGY".

For additional information about this press release please contact:

Sven Børre Larsen

Chief Financial Officer

Tel: +47 90 94 36 73

Email: sven.larsen@tgs.com

Will Ashby

VP HR and Communication

Tel: +1 713 860 2184

Email: will.ashby@tgs.com

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

(Norwegian Securities Trading Act)

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