TGS ASA — Share Issue/Capital Change 2014

May 8, 2014

Stock Options Exercised

Stock Options Exercised

ASKER, NORWAY (8 May 2014) - 5 employees of TGS have today, 8 May 2014,

exercised in total 37,250 stock options. All options were exercised from the

award in August 2009 secured by warrants at an exercise price of NOK 78.66 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#1784069]