TGS ASA

Share Issue/Capital Change • Sep 10, 2024

TGS Vesting Under the 2021 Long-term Incentive Plan

TGS Vesting Under the 2021 Long-term Incentive Plan

Oslo, Norway (10 September 2024) - Reference is made to the stock exchange

announcement on 12 August 2024 published by TGS regarding vesting of Performance

Stock Units (PSUs) and Restricted Stock Units (RSUs).

As a consequence of the vesting as announced on 12 August 2024, TGS has now

issued 127,527 shares.

The vesting of PSUs and RSUs granted by TGS in 2021 in accordance with the terms

of the 2021 Long Term Incentive Plan resulted in the right for a total of 71

participants to request the issuance of an aggregate of up to 159,460 shares of

TGS common stock pursuant to free-standing warrants subscribed by the

participant at the time of grant.  Participants had the right to request TGS to

settle a portion of the vested units in cash to allow satisfaction of employees'

tax withholding obligations arising as a result of the vest.

Following the vest of PSUs and RSUs, an aggregate of 127,527 new shares of TGS

common stock have been issued to the 71 employees, which amount is net of any

units that were settled in cash.  The following reflects the shares issued to

the primary insiders:

---- Kristian Johansen - 10,508 shares

---- William Ashby - 3,071 shares

---- Tana Pool - 4,220 shares

---- Sven Larsen - 2,929 shares

---- David Hajovsky - 4,220 shares

---- Whitney Eaton - 4,220 shares

Attached is the list of primary insiders, reflecting the balance of TGS shares

and free-standing warrants held after the issuance of shares described above, as

well as the PDMR appendix.

Following the capital increase TGS has a share capital of NOK 49 100 205,00.

About TGS

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

sector. With leading-edge technology and solutions spanning the entire energy

value chain, TGS offers a comprehensive range of insights to help clients make

better decisions. Our broad range of products and advanced data technologies,

coupled with a global, extensive and diverse energy data library, make TGS a

trusted partner in supporting the exploration and production of energy resources

worldwide. For further information, please visit www.tgs.com.

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 volatile market conditions, investment opportunities in new and existing

markets, demand for licensing of data within the energy industry, operational

challenges, and reliance on a cyclical industry and principal customers. 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 (http://www.tgs.com) or contact:

Bård Stenberg

VP IR & Communication

investor@tgs.com