TGS ASA — Share Issue/Capital Change 2014

Aug 14, 2014

Stock options exercised

Stock options exercised

ASKER, NORWAY (14 August 2014) -Employees of TGS have today, 14 August 2014,

exercised in total 76,800 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 1,134,512 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#1849034]