TGS ASA

Transaction in Own Shares • Feb 24, 2023

TGS ASA - ownership disclosure

TGS ASA - ownership disclosure

T. Rowe Price Associates, Inc. and its affiliates (“T. Rowe Price”), as described in more detail below, serve as investment adviser to various entities including institutional clients, sub-advised funds, common trust funds and proprietary mutual funds (“Advisory Clients”). T. Rowe Price is making the following disclosure. On 22 February 2023, Advisory Clients of T. Rowe Price loaned 2,353,089 voting shares with a right of recall. This decreased our net ownership below 5% to 5,500,256 common shares or 4.40%, representing 5,415,357 voting rights or 4.33% of TGS ASA. Our aggregate ownership remains above the 5% threshold with a total of 7,853,345 common shares or 6.29%, representing 7,768,446 voting rights or 6.22% of TGS ASA.

Explanation of the T. Rowe Price Organization:

T. Rowe Price Group, Inc. (“TRPG”) owns 100% of T. Rowe Price Associates, Inc. (“TRPA”). TRPG is a holding company with no physical assets and no independent operations of its own. TRPG is a publically traded company on NASDAQ under ticker TROW. There are no controlling stockholders of this company. TRPG has officers and directors, but no independent employees. All TRPG employees are employees of operating subsidiaries. TRPG does not directly hold any shares of TGS ASA.

TRPA is a wholly-owned subsidiary of TRPG. TRPA is registered with the U.S. Securities and Exchange Commission (“SEC”) as an investment advisor under the Investment Advisers Act of 1940. TRPA does not directly hold any shares of TGS ASA.