TGS ASA — Major Shareholding Notification 2014

Jun 11, 2014

Substantial Shareholder notice

Substantial Shareholder notice

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 10 June 2014, has

fallen below the 5% threshold to 4.92% of issued

shares and votes, which totals to 5,094,320 shares.

For purposes of this Notification, an outstanding

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

calculate the percentage.

As of 10 June 2014, Franklin Templeton Investment

Funds, which is managed by FTIML, has fallen below

the 5% threshold to 4.78% of issued shares and votes,

which totals to 4,956,105 shares.

The underlying funds and managed accounts managed by

FTIML do not hold any rights to shares in TGS Nopec

Geophysical Company ASA.