TGS ASA

Major Shareholding Notification • Jun 6, 2023

TGS ASA - ownership disclosure

TGS ASA - ownership disclosure

Pursuant to the requirements set out in the Securities Trading Act, regulated by the Norwegian Financial Supervisory Authority (“FSA”) and by the Oslo Stock Exchange, please be advised of the shareholding in TGS ASA for T. Rowe Price Associates, Inc.

T. Rowe Price Associates, Inc. and its affiliates (“T. Rowe Price”), as described in more detail below, serve as investment adviser to various entities including institutional clients, sub-advised funds, common trust funds and proprietary mutual funds (“Advisory Clients”). T. Rowe Price is making the following disclosure. On 05 June 2023, Advisory Clients of T. Rowe Price sold shares, which decreased our ownership of voting rights below 5%, to 6,185,235 voting rights, or 4.95%. T. Rowe Price’s ownership of common shares decreased to 6,268,788 common shares, or 5.01% of TGS ASA.

Explanation of the T. Rowe Price Organization:

T. Rowe Price Group, Inc. (“TRPG”) owns 100% of T. Rowe Price Associates, Inc. (“TRPA”). TRPG is a holding company with no physical assets and no independent operations of its own. TRPG is a publically traded company on NASDAQ under ticker TROW. There are no controlling stockholders of this company. TRPG has officers and directors, but no independent employees. All TRPG employees are employees of operating subsidiaries. TRPG does not directly hold any shares of TGS ASA.

TRPA is a wholly-owned subsidiary of TRPG. TRPA is registered with the U.S. Securities and Exchange Commission (“SEC”) as an investment advisor under the Investment Advisers Act of 1940. TRPA does not directly hold any shares of TGS ASA.