TGS-NOPEC Geophysical Company

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Financial calendar

Financial calendar for TGS-NOPEC Geophysical Company ASA

FINANCIAL YEAR 2021
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22.07.2021 - Half-yearly Report
15.04.2021 - Annual Report
11.05.2021 - Annual General Meeting

12.05.2021 - Quarterly Report - Q1
28.10.2021 - Quarterly Report - Q3
11.02.2021 - Quarterly Report - Q4

TGS Financial Calendar redistributed through Newspoint - With reference to original stock exchange release 1 October 2020

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

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TGS Capital Markets Day - Presentation and Webcast

OSLO, Norway (9 February January 2021) - Further to the announcement on 21
January 2021 (https://www.tgs.com/press-releases/tgs-capital-markets-day-save-
the-date), TGS will host its Capital Markets Day on 11 February 2021.
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CEO Kristian Johansen and CFO Fredrik Amundsen will present the Q4 2020 results
and 2021 guidance during the live-streamed event.

The Capital Markets Day will commence at CET 14.00 on 11 February 2021 and last
until approximately CET 16.00. We encourage attendees to join the webcast 5-10
minutes before CET 14:00 to ensure access. During the webcast, there will be two
opportunities for attendees to ask questions.

Presentation and webcast details:

• Copy and paste this link into your browser:
  https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20210211_9
• Visit TGS.com to gain instant access to the webcast

An on-demand version of the Capital Markets Day will be available on TGS.com
after the event.

For more information, visit TGS.com (http://www.tgs.com) or contact:

Fredrik Amundsen, CFO
Tel.: +47 995 89 882
E-mail: investor@tgs.com (mailto:investor@tgs.com)

About TGS
TGS provides multi-client geoscience data to oil and gas Exploration and
Production companies worldwide. In addition to extensive global geophysical and
geological data libraries that include multi-client seismic data, magnetic and
gravity data, digital well logs, production data and directional surveys, TGS
also offers advanced processing and imaging services, interpretation products,
and data integration 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.

Kilde

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TGS Announces Q4 2020 Results and Establishment of New Energy Solutions Business Unit

OSLO, NORWAY (11 February 2021) - TGS today reported interim financial results
for Q4 2020.

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Figures based on Segment reporting. Please refer to the full Q4 2020 report for
statements prepared according to IFRS.

Net segment revenues (1) amounted to USD 120 million, a reduction of 48% from
USD 132 million in Q4 2019. EBITDA was USD 106 million and the operating result
was USD -66 million, compared to USD 189 million and USD 59 million,
respectively, in Q4 2019. The operating result for Q4 2020 contains an
impairment of the multi-client library of USD 88 million.

Free-cash flow (2) amounted to USD 28 million in Q4 2020. After a dividend
payment of USD 15 million the cash holding increased by USD 16 million to USD
196 million on 31 December 2020.

The solid financial position allows TGS to increase the quarterly dividend by
12% to USD 0.14 per share as well as introducing a share repurchase program with
a value of up to USD 20 million (3).

“The results continue to be affected by the COVID-19 situation and the steep
reduction in oil companies’ capital spending. It is evident that the market for
exploring new oil and gas resources is in a deep cyclical trough. However, the
lack of investments may cause a strong cyclical recovery when we can put COVID
behind us and demand for oil and gas comes back to normalized levels,” commented
Kristian Johansen, CEO at TGS.

TGS announced today the launch of its New Energy Solutions (“NES”) business
unit. By leveraging its core strengths, TGS’ goal is to be the leading provider
of data and insights directed towards industries actively contributing to the
reduction of GHG emissions, such as Carbon Capture and Storage (CCS), Deep Sea
Mining (DSM), geothermal energy, wind energy and solar energy. The starting
point is the Company’s vast subsurface data library, combined with core skills
in geoscience, data processing, data management, data analytics and AI. This
will be complemented by relevant additional data types and subject matter
expertise.

“Over the past few years, we have seen an increasing interest for our data and
insights from other industries besides the oil and gas industry. By establishing
the NES business unit, we are preparing our non-oil & gas offering for further
growth,” stated Kristian Johansen.

“Many of the investments required in renewable energy and CCS have long pay-back
times. It is therefore critical to make well-informed and precise investment
decisions. Our aim is to be the leading provider of data and insights that help
de-risk investments and reduce the time-to-market. We have been helping our oil
and gas customers to de-risk investment decisions for 40 years. With NES we will
use our experience, global presence and core strengths to help new and existing
customers with the energy transition,” said Kristian Johansen.

TGS Management will present the Q4 2020 results and host a Capital Markets Day
today during a live-streamed webcast today. The event starts at CET 14.00 and is
expected to last to approximately CET 16.00.

We encourage attendees to join the webcast 5-10 minutes before CET 14:00 to
ensure access. During the webcast, there will be an opportunity for attendees to
ask questions.

Presentation and webcast details:

• Copy and paste this link into your
  browser: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20210211_9
• Visit TGS.com to gain instant access to the webcast

An on-demand version of the Capital Markets Day will be available on TGS.com
after the event.

For more information, visit TGS.com (http://www.tgs.com) or contact:

Fredrik Amundsen, CFO
Tel.: +47 995 89 882
E-mail: investor@tgs.com (mailto:investor@tgs.com)

Notes
1 - Figures based on Segment reporting, where sales committed prior to
completion of the project are recognized on a Percentage of Completion basis.
Please refer to the full Q4 2020 report for statements prepared according to
IFRS.
2 - Defined as Cash flow from operations after investments in the multi-client
library.
3 - Subject to renewal of the Board of Director’s share repurchase authorization
at the Annual General Meeting on 12 May 2021.

About Us
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.

Kilde

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TGS Announces Initiation of a USD 20 Million Share Repurchase Program

OSLO, NORWAY (11 February 2021) - TGS-NOPEC Geophysical Company ASA (“TGS” or
the “Company”) today announced that reflective of the Company’s strong financial
and liquidity position and cash flow outlook, the Board of Directors has
…

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authorized a share repurchase program of up to USD 20 million.

The share repurchase program will be in place until the Company’s annual general
meeting in May 2022, or such earlier time as the maximum number of shares has
been acquired, or the Board resolves to terminate the program.

The share repurchases will be conducted based on the authorization to acquire
treasury shares granted at the annual general meeting of the Company on 12 May
2020 and is subject to renewal at the annual general meeting on 11 May 2021.

Any repurchased shares will be held in treasury and, subject to approval by a
general meeting, thereafter be cancelled. Repurchased shares may also in part be
used to satisfy obligations under incentive programs and/or otherwise disposed
of (for cash or in-kind consideration as part of transactions).

It is expected that shares will primarily be repurchased in the open market on
the Oslo Stock Exchange.

The share repurchases will be conducted based on the authorization to acquire
treasury shares granted at the annual general meeting of the Company on 12 May
2020.

For more information, visit TGS.com (http://www.tgs.com) or contact:

Fredrik Amundsen, CFO
Tel.: +47 995 89 882
E-mail: investor@tgs.com (mailto:investor@tgs.com) (mailto:investor@tgs.com)

About Us
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.

Kilde

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TGS Share repurchase

On 12 February 2020, TGS-NOPEC Geophysical Company ASA (TGS) purchased 10,000 own shares on the Oslo Stock Exchange at an average price of NOK 131.92 per share. Following the purchase TGS holds 85,000 own shares, representing 0.072% of the total outstanding shares. The shares were purchased in connection with the share repurchase announced on 11 February 2021.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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Kilde

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TGS Share repurchase

On 19 February 2021, TGS-NOPEC Geophysical Company ASA (TGS) purchased 3,000 own shares on the Oslo Stock Exchange at an average price of NOK 131.7333 per share. Following the purchase TGS holds 88,000 own shares, representing 0.075% of the total outstanding shares. The shares were purchased in connection with the share repurchase announced on 11 February 2021.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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Kilde

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TGS Share repurchase

On 22 February 2021, TGS-NOPEC Geophysical Company ASA (TGS) purchased 3,500 own shares on the Oslo Stock Exchange at an average price of NOK 135.75 per share. Following the purchase TGS holds 91,500 own shares, representing 0.078% of the total outstanding shares.

The shares were purchased in connection with the share repurchase announced on 11 February 2021.
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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

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TGS Share repurchase

On 24 February 2021, TGS-NOPEC Geophysical Company ASA (TGS) purchased 20,000 own shares on the Oslo Stock Exchange at an average price of NOK 141.4208 per share. Following the purchase TGS holds 114,000 own shares, representing 0.097% of the total outstanding shares. The shares were purchased in connection with the share repurchase announced on 11 February 2021.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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Kilde

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TGS Share repurchase

On 25 February 2021, TGS-NOPEC Geophysical Company ASA (TGS) purchased 20,000 own shares on the Oslo Stock Exchange at an average price of NOK 140.11 per share. Following the purchase TGS holds 134,000 own shares, representing 0.114% of the total outstanding shares. The shares were purchased in connection with the share repurchase announced on 11 February 2021.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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Kilde

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TGS - Mandatory Notification of Trades

Oslo, Norway (26 February 2021) – In February 2019, TGS implemented an Employee Share Purchase Plan (ESPP) pursuant to which eligible employees can purchase TGS common shares at a discount through payroll deductions. The ESPP operates in six-month periods, and at the end of each period, employees have the option to purchase stock at a 15% discount to the market price at the time of purchase. The plan sets a maximum purchase of 100 shares per employee per six-month period. ESPP dividends are reinvested in shares.

On February 26, 2021, from both the purchase and the dividend reinvestment, the following primary insiders received shares as participants in the ESPP. The schedule attached reflects the holdings of the primary insiders following the purchase and dividend reinvestment.
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---- Fredrik Amundsen – 100 shares
---- William J.C. Ashby – 102 shares
---- Kristian Kuvaas Johansen – 102 shares
---- Tana LaDon Pool – 102 shares
---- Sven Borre Larsen – 100 shares
---- Tanya Herwanger – 93 shares
---- Amund Soia – 50 Shares
---- Whitney Eaton – 100 Shares

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:

Fredrik Amundsen
Chief Financial Officer
investor@tgs.com

Attachment

02-26-21- TGS Shareholding balance primary insiders

Kilde

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TGS Share Repurchase

Oslo, Norway (5 March 2021) - On period from 2 March 2021 to 4 March 2021, TGS-
NOPEC Geophysical Company ASA (TGS) purchased 41,000 own shares on the Oslo
Stock Exchange at an average price of NOK 141.2252 per share. Following the
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purchase, TGS holds 195,000 own shares, representing 0.166% of the total
outstanding shares.

The shares were purchased in connection with the share repurchase announced on
11 February 2021.

±-----------------------------------------------------------------------------+
|Overview of transactions |
±---------------------±-----------------±---------------±------------------+
|Date |Aggregated daily |Weighted average|Total daily |
| |volume (number of |share price per |transaction value |
| |shares) |day (NOK) |(NOK) |
±---------------------±-----------------±---------------±------------------+
|2-Mar-21 |20,000 |140.9067 |2,818,134 |
±---------------------±-----------------±---------------±------------------+
|3-Mar-21 |20,000 |141.5700 |2,831,400 |
±---------------------±-----------------±---------------±------------------+
|4-Mar-21 |1,000 |140.7000 |140,700 |
±---------------------±-----------------±---------------±------------------+
| | | | |
±---------------------±-----------------±---------------±------------------+
|Previously disclosed |79,000 |138.3279 |10,927,901 |
|buy-backs under the | | | |
|program (accumulated) | | | |
±---------------------±-----------------±---------------±------------------+
|Accumulated under the |120,000 |139.3178 |16,718,135 |
|buy-back program | | | |
±---------------------±-----------------±---------------±------------------+
| |
±-----------------------------------------------------------------------------+
|The issuer’s holding of own shares: |
| |
|Following the completion of the above transactions, TGS owns a total of |
|195,000 own shares, corresponding to 0.166% of TGS’ share capital. |
| |
| |
| |
|Appendix: |
| |
|An overview of all transactions made under the buy-back program that have been|
|carried out during the above-mentioned time period is attached to this report |
|and available at www.newsweb.no. |
±-----------------------------------------------------------------------------+

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 (http://www.tgs.com) or contact:

Fredrik Amundsen
Chief Financial Officer
investor@tgs.com (mailto:investor@tgs.com)

Kilde

[TekBot]

TGS Share Repurchase

Oslo, Norway (11 March 2021) - On period from 8 March 2021 to 9 March 2021, TGS-
NOPEC Geophysical Company ASA (TGS) purchased 40,000 own shares on the Oslo
Stock Exchange at an average price of NOK 158.3560 per share. Following the
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purchase, TGS holds 235,000 own shares, representing 0.200% of the total
outstanding shares.

The shares were purchased in connection with the share repurchase announced on
11 February 2021.

±-----------------------------------------------------------------------------+
|Overview of transactions |
±---------------------±-----------------±---------------±------------------+
|Date |Aggregated daily |Weighted average|Total daily |
| |volume (number of |share price per |transaction value |
| |shares) |day (NOK) |(NOK) |
±---------------------±-----------------±---------------±------------------+
|8-Mar-21 |20,000 |160.2894 |3,205,788 |
±---------------------±-----------------±---------------±------------------+
|9-Mar-21 |20,000 |156.4225 |3,128,450 |
±---------------------±-----------------±---------------±------------------+
| | | | |
±---------------------±-----------------±---------------±------------------+
|Previously disclosed |120,000 |139.3178 |16,718,135 |
|buy-backs under the | | | |
|program (accumulated) | | | |
±---------------------±-----------------±---------------±------------------+
|Accumulated under the |160,000 |144.0773 |23,052,373 |
|buy-back program | | | |
±---------------------±-----------------±---------------±------------------+
| |
±-----------------------------------------------------------------------------+
|The issuer’s holding |
|of own shares: |
| |
|Following the completion of the above transactions, TGS owns a total of |
|235,000 own shares, corresponding to 0.200% of TGS’ share capital. |
| |
| |
| |
|Appendix: |
| |
|An overview of all transactions made under the buy-back program that have been|
|carried out during the above-mentioned time period is attached to this report |
|and available at www.newsweb.no. |
±-----------------------------------------------------------------------------+

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 contact:

Fredrik Amundsen
Chief Financial Officer
investor@tgs.com (mailto:investor@tgs.com)

Kilde

[TekBot]

TGS Approves 2020 Financials

Oslo, Norway (23 March 2021) - The Board of Directors of TGS-NOPEC Geophysical
Company ASA has today approved the financial statements for 2020. The financial
statements were prepared in accordance with IFRS. For a summary of changes from
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the preliminary annual accounts announced on 11 February 2021, please see the
attached.

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 contact:

Fredrik Amundsen
Chief Financial Officer
investor@tgs.com (mailto:investor@tgs.com)

Kilde

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TGS Q1 2021 Earnings Update

OSLO Norway (13 April 2021) - Based on preliminary reporting from operating
units, TGS management expects net IFRS revenues* for the first quarter of 2021
to be approximately USD 186 million, up from USD 52 million in Q1 2020. Net
…

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segment revenues* are expected to be approximately USD 75 million, compared to
USD 152 million in Q1 2020.

Kristian Johansen, CEO at TGS, stated, “As expected the challenging market
conditions continued in Q1 2021. However, we remain cautiously optimistic for
the remainder of the year, with the higher oil prices expected to result in
higher activity level in the latter part of the year. Furthermore, I am pleased
to note that we continue to outperform our cost expectations, which together
with relatively low investments of approximately USD 37 million, resulted in a
solid free cash flow and a cash balance in excess of USD 250 million at quarter
close. Thus, our confidence in a strong cash flow development for the year
continues to grow.”

TGS will report the Q1 2021 financial results on 12 May 2021.

• Following recent notification from The Financial Supervisory Authority of
  Norway (Finanstilsynet) TGS will from 2021 increase emphasis on IFRS in its
  financial reporting to the market. The Company will continue to provide segment
  information for historic comparison and as alternative performance measures of
  the business as such measures are commonly used throughout the industry, and
  TGS’ management believes they better reflect the ongoing activity in projects-
  in-progress. The main difference between IFRS and Segment reporting relates to
  revenue recognition. Under IFRS revenue recognition generally is deferred until
  project completion and delivery to the customer when performance obligations are
  met. Under Segment reporting, net revenue from projects-in-progress is
  recognized based on Percentage of Completion (POC). Revenue recognition has
  subsequent effects on the recognition of amortization of the multi-client
  library. Please see annual report for a complete description of the Company’s
  accounting principles.

Adjustments between preliminary IFRS and Segment revenue numbers for Q1 2021:

Preliminary IFRS reported revenue: USD 186 million

• Revenue recognized from performance obligations met during Q1 for completed
  projects: USD 157 million

• Revenue recognized under POC during Q1: USD 46 million
  = Preliminary net segment reported revenue: USD 75 million

For more information, visit TGS.com (http://www.tgs.com) or contact:

Sven Børre Larsen
SVP Strategy
Tel: +47 90 94 36 73
E-mail: investor@tgs.com (mailto:investor@tgs.com)

Kilde

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TGS Publishes its 2020 Annual Report

Oslo, Norway (15 April 2020) - TGS, a global provider of energy data and
intelligence, today published its 2020 Annual Report. The 2020 Annual Report is
available at the TGS corporate website to shareholders and other interested
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parties via this link: www.tgs.com/investor-center/financial-reports/annual-
reports.

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 (http://www.tgs.com) or contact:

Sven Børre Larsen
SVP Strategy
investor@tgs.com (mailto:investor@tgs.com)

Kilde

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Notice of Annual General Meeting 2021

OSLO, NORWAY (20 April 2021) - The 2021 Annual General Meeting of TGS-NOPEC
Geophysical Company ASA (“TGS” or the “Company”) will be held on 11 May 2021 at
the offices of Schjødt law firm at Ruseløkkveien 16, in Oslo at 17:00 CET.
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Registration of attendees will begin at 16:30 CET.

Due to the extraordinary situation caused by the COVID-19 pandemic, and in light
of the travel and meeting recommendations and restrictions currently in place,
the Company has found it necessary to urge shareholders to either vote
electronically in advance or submit proxy forms prior to the meeting and to not
attend the meeting in person.

The notice for the annual general meeting is attached hereto
(English and Norwegian), together with relevant appendices. The notice will be
sent to all registered shareholders on 20 April 2021.

To register your attendance, send proxy or to cast your vote electronically in
advance through VPS Investor Services, please use the electronic link here:
VPS GeneralMeeting
7c8&validTo=1623337200000&oppdragsId=20210419VPQ2N5U0 and available
on www.tgs.com (https://www.tgs.com/). The pin code and reference number, which
are sent out with the notice, will be needed. Kindly note that shareholders that
have received the notice electronically will not receive and do not need a pin
code or reference number, but must submit their notice of attendance, proxy or
advance votes through their online investor account services
(investortjenester).

Online registration will open on 20 April 2021 at 14:00 CET.

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 (http://www.tgs.com) or contact:

Fredrik Amundsen
CFO
investor@tgs.com (mailto:investor@tgs.com)

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TGS-NOPEC Geophysical Company ASA (TGS) - Annual General Meeting Held

OSLO, Norway (11 May 2021) - The Annual General Meeting of TGS was held on 11
May 2021. All resolutions proposed were approved by the shareholders.

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The minutes from the Annual General Meeting are attached to this announcement.

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 (http://www.tgs.com) or contact:

Sven Børre Larsen
SVP Strategy
+47 90 94 36 73
investor@tgs.com (mailto:investor@tgs.com)

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TGS Acquires 4C Offshore Ltd.

OSLO, Norway - (12 May 2021) - TGS-NOPEC Geophysical Company ASA (“TGS”), a
global provider of energy data and intelligence, announced today that it has
acquired 4C Offshore Ltd. (“4C Offshore”), a leading market intelligence and
…

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consultancy firm, providing research and insights to the offshore wind industry.

4C Offshore offers a broad suite of data, analytics and services for the
offshore wind industry. With its digital platform, the company provides
developers, operators, asset managers, equipment providers and construction
companies with key data and insights for the development and operations of
offshore wind farms. Among 4C Offshore’s customers are some of the most active
players in the offshore wind industry.

Based in Lowestoft, UK with 29 employees, 4C Offshore provides data on more than
2,000 offshore wind projects. The company has recurring revenue streams from a
diversified base of almost 350 clients, serving 2,200 users. In 2020,
subscription payments for the company’s data services account for almost 80% of
revenues.

“We are pleased to announce 4C Offshore as the first acquisition following the
launch of our New Energy Solutions business earlier this year. The company
carries a strong reputation within the industry for its quality data that is
highly trusted for asset-level decisions. The strengths of 4C Offshore fit
perfectly with TGS’ ambition to become the leading global provider of energy
data and insights to support decision-making processes across the energy value
chain,” commented Kristian Johansen, CEO at TGS.

“I continue to be extremely proud of what we have achieved at 4C Offshore in
establishing ourselves as a leading provider of market intelligence and insight
to the offshore wind industry and offshore electricity grid sector. We look
forward to working with TGS and the New Energy Solutions team to enhance our
common platform in the renewable energy industry. Last year renewable
electricity sources grew at their fastest rate in two decades, despite the
pandemic. Together with TGS, we expect to grow and improve upon our services and
capitalize on the expected increase in demand for high quality data and insights
on offshore wind,” stated Chris Anderson, Chairman and CEO at 4C Offshore.

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.

About 4C Offshore
4C Offshore is a leading consultancy and market research organization targeting
the offshore energy markets. The company has specialized in providing market
intelligence for the offshore wind industry and offshore electricity sector as
well as consultancy services related to subsea cables. For more information,
visit www.4coffshore.com (http://www.4coffshore.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 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 (http://www.tgs.com) or contact:

Sven Børre Larsen
SVP Strategy
+47 90 94 36 73
investor@tgs.com (mailto:investor@tgs.com)

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TGS Announces Q1 2021 Results

OSLO, Norway (12 May 2021) - TGS today reported interim financial results for Q1
2021.

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Net IFRS revenues amounted to USD 186 million in Q1 2021, an increase of 256%
compared to Q1 2020. EBITDA was USD 162 million and the operating result was USD
69 million, compared to USD 26 million and USD -58 million, respectively, in Q1
2020.

Net segment revenues (1) amounted to USD 75 million in Q1 2021, compared to
USD152 million in Q1 2020. Segment EBITDA was USD 51 million versus USD 126
million in the same quarter of 2020, while the segment operating result amounted
to USD -20 million, compared to USD - 19 million in Q1 2020.

Free-cash flow (2) amounted to USD 84 million in Q1 2021, up from USD 1 million
in Q1 2020. Including shareholder distribution of USD 19 million the cash
holding increased by USD 58 million to USD 254 million on 31 March 2021.

The solid financial position allows TGS to maintain the quarterly dividend at
USD 0.14 per share and continue its share repurchase program with a remaining
value of up to USD 17 million.

“Despite a substantial increase in the oil price over the past six months,
exploration spending remains muted. Our clients are indicating that their strong
cash flow will mainly be directed at dividends, share buybacks and deleveraging
balance sheets. While we remain cautiously optimistic for a pick-up in activity
towards the end of the year, we expect our near-term organic multi-client
investments to be lower, partly due to the use of supplier risk-sharing and JVs.
As a result, we continue to add high volumes of data to our library and generate
strong cash flow,” says Kristian Johansen, CEO of TGS.

“Our New Energy Solutions initiative is progressing rapidly, and we are excited
to announce 4C Offshore as the first acquisition in the renewable area. The
acquisition fits perfectly with our ambition to become the leading global
provider of energy data and insights to support decision-making processes across
the energy value chain.”

Based on the above, 2021 guidance is revised as follows:

• Multi-client investments of between USD 150 - 180 million (previously USD
  200 - 230 million)
• Continued sector outperformance on cash flow and ROACE
• Industry-leading distribution to shareholders

A pre-recorded presentation of the results and business update featuring
CEO Kristian Johansen, CFO Fredrik Amundsen and EVP of NES & Operations Jan
Schoolmeesters can be viewed at http://www.tgs.com.

Today at CEST 3:00 pm Kristian Johansen, CEO at TGS, will host a conference call
to go through the update and answer questions. We encourage attendees to call in
5-10 minutes before CET 3:00 pm to ensure registration and access.

Telephone conference dial-in details:

Norway: +47 23 50 02 36
United Kingdom: +44 333 300 92 63
USA: +1 833 526 83 97

For more information, visit TGS.com (http://www.tgs.com) or contact:

Sven Børre Larsen
SVP Strategy
Tel: +47 90 94 36 73
E-mail: investor@tgs.com (mailto:investor@tgs.com)

Notes
1 - IFRS versus Segment Reporting:
The main difference between IFRS and Segment reporting relates to revenue
recognition. Under IFRS revenue recognition generally is deferred until project
completion and delivery to the customer when performance obligations are met.
Under Segment reporting, net revenue from projects-in-progress is recognized
based on Percentage of Completion (POC). Revenue recognition has subsequent
effects on the recognition of amortization of the multi-client library. Please
see annual report for a complete description of the Company’s accounting
principles.

Adjustments between IFRS and Segment revenue numbers for Q1 2021:
IFRS reported revenue: USD 186 million

• Revenue recognized from performance obligations met during Q1 for completed
  projects: USD 157 million

• Revenue recognized under POC during Q1: USD 46 million
  = Preliminary net segment reported revenue: USD 75 million

Differences in EBIDTA and operating results between IFRS and segment reporting
are caused by the aggregate differences in revenues and the resulting impact on
amortization.

2 - Defined as Cash flow from operations after investments in the multi-client
library.

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.

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TGS Quarterly Dividend

OSLO, NORWAY (12 May 2021) - Following the authorization from the Annual General
Meeting on 12 May 2020, the Board of TGS NOPEC Geophysical Company ASA has
resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.14
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per share (NOK 1.15 per share) in Q2 2021.

Key information relating to the cash dividend:

• Dividend amount and declared currency: USD 0.14 per share (equivalent to NOK
  1.15 per share)
• Last trading day including right: 18 May 2021
• Ex-date: 19 May 2021
• Record date: 20 May 2021
• Payment date: 2 June 2021
• Date of approval: 11 May 2021

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, contact:

Sven Børre Larsen
SVP Strategy
+47 90 94 36 73
investor@tgs.com

Kilde