TGS ASA

Remuneration Information • Nov 27, 2024

TGS Awards Performance Share Units and Restricted Share Units

TGS Awards Performance Share Units and Restricted Share Units

Oslo, Norway (27 November 2024) - TGS has issued awards of Performance Share

Units (PSUs) and Restricted Share Units (RSUs) to 408 key employees of the

Company, as authorized by the shareholders of the company at its Extraordinary

General Meeting on 25 July 2024.  With the exception of certain RSUs, which are

secured by the Company's treasury stock, the PSUs and RSUs are secured by free-

standing warrants that, upon vesting of the PSUs and RSUs in accordance with

their terms, are convertible to shares of the Company's common stock.  Each PSU

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

represents the right to receive one share.

The PSUs are granted to members of the executive and senior leadership teams and

will vest 27 November 2027, provided the employee remains employed with TGS on

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

terms approved by the Extraordinary General Meeting, 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) Absolute Total Shareholder

Return (TSR), (ii) Relative TSR, and (iii) HSE and Sustainability goals.  TSR

performance is measured by the three-year period commencing on the Date of Grant

and ending on the Vesting Date.  HSE and Sustainability performance is measured

for the period 1 January 2024 through 31 December 2026.

The RSUs are granted to senior leadership teams and other certain key employees

and will also vest on 27 November 2027, provided the employee remains employed

at vesting and has achieved a satisfactory performance rating against their

goals over the three-year plan period.  Upon vesting, the holder of the RSUs

will receive an equivalent number of TGS shares.

The list of PDMRs receiving PSUs and RSUs is attached.  The maximum number of

new shares to be issued under the awarded PSUs and RSUs is 1,900,000.

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.

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.

For more information, visit TGS.com (http://www.tgs.com) or contact:

Bård Stenberg

VP IR & Communication

investor@tgs.com