TGS ASA - Share Issue/Capital Change 2021

TGS: New Share Capital Registered

OSLO, Norway (29 September 2021) - Reference is made to the decision by the

Annual General Meeting of TGS ASA ("TGS", OSE: TGS) on 11 May 2021 to decrease

the share capital with NOK 12,525 through cancellation of 50,100 treasury shares

held by TGS.

The share capital decrease has now been registered with the Norwegian Register

of Business Enterprises.

The share capital of TGS is thereafter NOK 29 313 324,50 divided on 117 253 298

shares with a par value of NOK 0.25 per share.

About TGS

TGS provides scientific data and intelligence to companies active in the energy

sector. In addition to a global, extensive and diverse energy data library, TGS

offers specialized services such as advanced processing and analytics alongside

cloud-based data applications and solutions.

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 TGS' reliance on a cyclical industry and principal customers, TGS'

ability to continue to expand markets for licensing of data, and TGS' ability to

acquire and process data product at costs commensurate with profitability, as

well as volatile market conditions, which have been exacerbated by the COVID-19

pandemic and the severe drop in oil prices. 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 or contact:

Sven Børre Larsen

Chief Financial Officer

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