TGS ASA

TGS ASA is assigned Ba3 rating from Moody's

OSLO, Norway (27 September 2024) - TGS ASA, a leading provider of energy data

and intelligence is assigned Ba3 rating with a stable outlook from Moody's.

The USD 450 million backed senior secured notes (originally issued by Petroleum

Geo-Services AS, a fully owned subsidiary of TGS) are upgraded two notches from

B2 to Ba3 with a stable outlook.

Moody's press release announcing the rating action is available on their home

page https://www.moodys.com/.

For more information, visit TGS.com or contact:

Bård Stenberg

IR & Communication

Mobile: +47 992 45 235

About TGS

TGS provides advanced data and intelligence to companies active in the energy

sector. With leading-edge technology and solutions spanning the entire energy

value chain, TGS offers a comprehensive range of insights to help clients make

better decisions. Our broad range of products and advanced data technologies,

coupled with a global, extensive and diverse energy data library, make TGS a

trusted partner in supporting the exploration and production of energy resources

worldwide. For further information, please visit www.tgs.com

(https://www.tgs.com/).

Forward Looking Statement

All statements in this press release other than statements of historical fact

are forward-looking statements, which are subject to a number of risks,

uncertainties and assumptions that are difficult to predict and are based upon

assumptions as to future events that may not prove accurate. These factors

include volatile market conditions, investment opportunities in new and existing

markets, demand for licensing of data within the energy industry, operational

challenges, and reliance on a cyclical industry and principal customers. Actual

results may differ materially from those expected or projected in the forward-

looking statements. TGS undertakes no responsibility or obligation to update or

alter forward-looking statements for any reason.

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