TGS ASA — Share Issue/Capital Change 2014

Feb 20, 2014

Stock Options Exercised

Stock Options Exercised

ASKER, NORWAY (20 February 2014) - Nine employees of TGS have today, 20 February

2014, exercised in total 31,500 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#1763653]