TGS ASA — Remuneration Information 2016

Sep 2, 2016

TGS authorizes award of Performance Stock Units and Restricted Stock Units

TGS authorizes award of Performance Stock Units and Restricted Stock Units

ASKER, NORWAY (2 September 2016) - The Board of Directors of TGS-NOPEC

Geophysical Company ASA has authorized the award of PSUs (Performance Stock

Units) and RSUs (Restricted Stock Units) to be granted to 64 key employees of

the Company.

The list of primary insiders receiving PSUs and RSUs is attached.  In accordance

with the measures approved by the Shareholders of TGS at the Annual General

Meeting on 10 May 2016, the PSUs and the RSUs are secured by free-standing

warrants.

Each PSU represents the right to receive the maximum of one share, while each

RSU represents the right to receive one share.

The PSUs have been granted to members of the executive team and will vest on the

third anniversary of the date of grant provided the executive remains employed

with TGS on the vesting date. Upon vesting, the PSUs will be converted to TGS

shares, depending on performance versus target metrics. The number of shares

will be determined by multiplying the number of PSUs granted by a factor of 0%

to 100%. The factor is determined by performance against three target metrics:

(i) market share of multi-client revenues within a peer group, (ii) return on

average capital employed, and (iii) HSE. Each of the performance metrics is

measured for the period 1 January 2016 through 31 December 2018.

The RSUs have been granted to certain non-executive key employees and will also

vest on the third anniversary of the date of grant provided the employee remains

employed at vesting and has achieved a satisfactory performance rating. Upon

vesting, the holder of the RSUs will receive an equivalent number of TGS 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 principle 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 Børre Larsen

Chief Financial Officer

Tel: +47 90 94 36 73

Email: sven.larsen@tgs.com

Will Ashby

VP HR and Communication

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)