TGS-NOPEC (OSL:TGS) We refer to the press release distributed earlier today, and want to inform that the discussions between the parties was related to several issues, where an exchange ratio of 0,5325 shares in TGS for each share in Wavefield was one of the items. For more information, please contact:

Arne Helland Tel: +47 66769931/+47 91887829 arne@tgsnopec.no

TGS-NOPEC

http://www.tgsnopec.no/

ISIN: NO0003078800

Stock Identifier: XOSL.TGS

US: Other OTC: TGSNF.PK

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