OSLO, Norway (1 July 2024 ) - Reference is made to the joint stock exchange announcement on20 June 2024 setting out key completion dates and details for the merger betweenTGS ASA ("TGS" OSE: TGS) andPGS ASA ("PGS," OSE: PGS). Further reference is made to the stock exchange announcements by TGS today1 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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