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2016-05-07

TGS : Stock Options exercised

ASKER, NORWAY (6 May 2016) - 12 option holders have today, exercised in total
120,200 stock options. All options were exercised from the award in August
2011 secured by treasury shares at an exercise price of NOK 113.80 per share.

Following the exercise TGS holds 543,400 treasury shares. TGS' share capital
is NOK 25,533,997.50 consisting of 102,135,990 shares at a nominal value of
NOK 0.25 per share.

The following primary insiders in TGS have on 6 May 2016 traded TGS shares
related to their exercise of stock options:

John Adamick, Senior VP Geological Products and Services, has exercised 14,400
stock options and sold the same number of shares in TGS at an average price
of NOK 131.03 per share. After this transaction John Adamick holds 36,000
shares in TGS.

Zhiming Li, Senior VP Data Processing and Research&Development, has exercised
14,000 stock options and sold the same number of shares in TGS at an average
price of NOK 131.03 per share.

After this transaction Zhiming Li holds 105,694 shares in TGS.

Attached is the list of the primary insiders exercising stock options.

Company summary

TGS-NOPEC Geophysical Company (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.

For more information visit TGS online at www.tgs.com.

Forward-looking statements and contact information

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 principle customers,
TGS' ability to continue to expand markets for licensing of data, and TGS'
ability to acquire and process data products at costs commensurate with
profitability. 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.

TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange
(OSLO:TGS).

TGS sponsored American Depositary Shares trade on the U.S. over-the-counter
market under the symbol "TGSGY".

For additional information about this press release please contact:

Sven Børre Larsen

Chief Financial Officer
Tel: +47 90 94 36 73
Email:sven.larsen@tgs.com

Will Ashby

VP HR and Communication
Tel: +1 713 860 2184 begin_of_the_skype_highlighting
end_of_the_skype_highlighting
Email:will.ashby@tgs.com

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

Stock options exercised by primary insiders 6 May 2016
http://hugin.info/86869/R/2010430/744126.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: TGS via Globenewswire

HUG#2010430

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