TGS ASA — Major Shareholding Notification 2014

Jul 1, 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 investment

manager to underlying funds and managed accounts

hereby gives notice that due to a series of

transactions, FTIML's shareholdings in TGS Nopec

Geophysical Company ASA, as of 30 June 2014, has

exceeded the 5% threshold to 5.04% of issued shares

and votes, which totals to 5,220,076 shares. For

purposes of this Notification, an outstanding share

figure of 103,590,474 shares was used to calculate

the percentage.

At the present time, no individual fund or managed

accounts shareholdings managed by FTIML holds 5% or

more of the total voting rights in TGS Nopec

Geophysical Company ASA.

The underlying funds and managed accounts managed by

FTIML do not hold any rights to shares in TGS Nopec

Geophysical Company ASA.