TGS ASA — Share Issue/Capital Change 2014

Nov 10, 2014

Stock Options exercised

Stock Options exercised

ASKER, NORWAY (10 November 2014) - Two employees of TGS have today, 10 November

2014, exercised in total 20,000 stock options. All options were exercised from

the award in August 2011 secured by treasury shares at an exercise price of NOK

113.80 per share. Following the exercise TGS holds 1,653,512 of the issued

shares as treasury shares. TGS' share capital is NOK 25,796,072.00 consisting of

103,184,288 shares at a nominal value of NOK 0.25 per share. Attached is a list

of primary insiders exercising stock options.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1870326]