TGS ASA — Major Shareholding Notification 2014

Oct 22, 2014

Substantial Shareholder notice - TGS-NOPEC Geophysical Co ASA

Substantial Shareholder notice - TGS-NOPEC Geophysical Co ASA

Franklin Resources, Inc, on behalf of Franklin

Templeton Investment Management Limited (FTIML) ,

acting in the capacity as discretionary manager to

underlying funds managed accounts hereby gives notice

that due to a series of transactions, FTIML's

shareholdings in TGS-NOPEC Geophysical Co ASA, as of

20 October 2014, has fallen below the 5% threshold

to 4.93% of issued shares and votes, which totals to

5,089,325 shares. For purposes of this Notification,

and outstanding share figure of 103,184,288 shares

was used to calculate the percentage.

At the present time, no individual funds or managed

accounts shareholdings managed by FTIML holds 5% or

more of the total voting rights in TGS-NOPEC

Geophysical Co ASA.