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2015-09-30

TGS: TGS restricted shares received by the new Director of the Board

ASKER, NORWAY (30 September 2015) - The Extraordinary General Meeting of TGS
held on 28 September 2015 awarded the new director, Elisabeth Grieg, a pro
rata amount of the compensation to directors approved by the Annual General
Meeting on 6 May 2015. As part of the compensation, a pro rata amount of
restricted shares in the Company has been awarded to Ms. Grieg. As Jørgen C
Arentz Rostrup had to resign as director due to residency requirements, Mr.
Rostrup has returned the same number of shares to the Company as have been
transferred to Ms. Grieg.

The attachment shows the number of restricted shares awarded on 28 September
2015 and the total number of shares held by each of the Directors.

TGS holds 732,000 of the issued shares as treasury shares.

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 principal 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 Borre Larsen

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

Will Ashby

Director Finance Western Hemisphere&Investor Relations
Tel: +1 713 860 2184

Email:will.ashby@tgs.com

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

Restricted shares to Directors EGM 28 Sept 2015
http://hugin.info/86869/R/1955894/712318.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#1955894

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