TGS ASA

Major Shareholding Notification • Dec 22, 2022

Acceptances received under mandatory offer to acquire all shares in NTS ASA

Acceptances received under mandatory offer to acquire all shares in NTS ASA

Reference is made to the mandatory offer (the “Offer”) from SalMar ASA (the “Offeror”) to acquire all shares in NTS ASA (“NTS” or the “Company”) at an offer price of NOK 75.48184 per share pursuant to an offer document dated 22 November 2022. On 21 December 2022 the Offeror has received acceptances under the Offer for 3,678,290 shares.

Following these acceptances, the Offeror has received acceptances for a total of 50,589,535 shares and votes in NTS under the Offer. In addition, the Offeror owns a total of 66,235,009 shares in the Company. The Offeror accordingly has an aggregate holding of 116,824,544 shares and rights to shares in NTS, equal to approximately 92.93% of the total number of 125,717,306 issued shares in the Company.

The Offeror is a close associate of Gustav Witzøe, Chair of the board in NTS.

Please see attached notification form in accordance with the Market Abuse Regulation article 19.

This notification has been submitted pursuant to the Securities Trading Act section 5-12.