TGS ASA — Remuneration Information 2017

May 15, 2017

TGS Shares received by Board of Directors

TGS Shares received by Board of Directors

ASKER, NORWAY (15 May 2017) - The Annual General Meeting of TGS held on 9

May 2017 decided that each of the Directors, other than the Chairman, should

receive1,650 restricted shares in the Company on 10 May 2017 as part of

their compensation. The shares were transferred to the Directors on 10 May 2017.

The attachment shows the number of restricted shares awarded on 10 May 2017

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 236,075 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, permanent reservoir monitoring 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 Børre Larsen

Chief Financial Officer

Tel: +47 90 94 36 73

Email: sven.larsen@tgs.com

Will Ashby

VP HR & 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)