TGS ASA — Remuneration Information 2015

May 7, 2015

Restricted shares received by Directors

Restricted shares received by Directors

ASKER, NORWAY (7 May 2015) - The Annual General Meeting of TGS held on 6 May

2015 decided that each of the Directors, other than the Chairman, should receive

1,650 restricted shares in the Company on 7 May 2015 as part of their

compensation. One of the Directors is not permitted by own employer to own

shares in other companies. This Director will receive cash in lieu of the

restricted shares in an amount equal to the amount the other Directors will be

able to sell their restricted shares for at the closing share price on the first

day that a sale is permitted. The shares have been transferred to the Directors

today, 7 May 2015.

The attachment shows the number of restricted shares awarded on 7 May 2015 and

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

The Company has distributed the restricted shares to the Directors from its

balance of treasury shares. Following the transfer of restricted shares to the

Directors, TGS holds 1,911,862 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:

Kristian Johansen

COO/Interim CFO

Cell: +47 47 60 33 34

Email: kristian.johansen@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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