TGS ASA – New share capital registered

20 Sep 2023 12:16 CEST

Oslo, Norway (20 September 2023) - Reference is made to the stock exchange
announcement by TGS ASA (OSE: TGS) (the "Company") on 18 September 2023
regarding the successful completion of a private placement (the "Private
Placement") of 6.25 million new shares in the Company (the "New Shares") at a
subscription price of NOK 152.5 per New Share.

The share capital increase relating to the Private Placement has today been
registered with the Norwegian Register of Business Enterprises. The Company's
new share capital is NOK 32,820,114.50 divided into 131,280,458 shares, each
with a par value of NOK 0.25.

The New Shares allocated in the Private Placement are now tradable.

For additional information, please contact:

Sven Børre Larsen
CFO
Tel: +47 909 43 673
Email: investor@tgs.com

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