TGS ASA — Remuneration Information 2015

Sep 30, 2015

TGS restricted shares received by the new Director of the Board

TGS restricted shares received by the new Director of the Board

ASKER, NORWAY (30 September 2015) - The Extraordinary General Meeting of TGS

held on 28 September 2015 awarded the new director, Elisabeth Grieg, a pro rata

amount of the compensation to directors approved by the Annual General Meeting

on 6 May 2015. As part of the compensation, a pro rata amount of restricted

shares in the Company has been awarded to Ms. Grieg. As Jørgen C Arentz Rostrup

had to resign as director due to residency requirements, Mr. Rostrup has

returned the same number of shares to the Company as have been transferred to

Ms. Grieg.

The attachment shows the number of restricted shares awarded on 28 September

2015 and the total number of shares held by each of the Directors.

TGS holds 732,000 of the issued shares as treasury shares.

Company summary

TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil

and gas Exploration and Production companies worldwide.  In addition to

extensive global geophysical and geological data libraries that include multi-

client seismic data, magnetic and gravity data, digital well logs, production

data and directional surveys, TGS also offers advanced processing and imaging

services, interpretation products, and data integration solutions.

For more information visit TGS online at www.tgs.com.

Forward-looking statements and contact information

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 TGS' reliance on a cyclical industry and principal customers, TGS'

ability to continue to expand markets for licensing of data, and TGS' ability to

acquire and process data products at costs commensurate with profitability.

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.

TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange

(OSLO:TGS).

TGS sponsored American Depositary Shares trade on the U.S. over-the-counter

market under the symbol "TGSGY".

For additional information about this press release please contact:

Sven Borre Larsen

Chief Financial Officer

Tel: +47 90 94 36 73

Email: sven.larsen@tgs.com

Will Ashby

Director Finance Western Hemisphere & Investor Relations

Tel: +1 713 860 2184

Email: will.ashby@tgs.com

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

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