OSLO, Norway (1 July 2024) - Reference is made to the joint stock exchange
announcement on 20 June 2024 setting out key completion dates and details for
the merger between TGS ASA ("TGS" OSE: TGS) and PGS ASA ("PGS," OSE: PGS).
Further reference is made to the stock exchange announcements by TGS today 1
July 2024 about completion of the merger and last day of trading of the PGS
shares. 

The completion of the merger and delisting of the PGS shares constitutes a Put
Option Event under the Bond Terms governing PGEOS01. Following completion of the
merger, Petroleum Geo-Services AS is an indirect wholly owned subsidiary of TGS.
TGS Newco AS, the surviving entity under the merger and a wholly owned
subsidiary of TGS, has assumed all the obligations of PGS.

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

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© Oslo Bors ASA, source Oslo Stock Exchange