Wavefield Inseis ASA (OSL:WAVE) We refer to the press release distributed earlier today, and want to inform that the discussions between the parties were related to several issues, were an exchange ratio of 0,5325 shares in TGS for each share in Wavefield was one of the items.

Media contacts and further information

Atle Jacobsen and Erik Hokholt CEO/CFO Tel: + 4767828400 E.mail: atle.jacobsen@wavefield-inseis.com erik.hokholt@wavefield-inseis.com

About Wavefield Inseis ASA Wavefield Inseis ASA is a Norwegian marine geophysical company providing proprietary data acquisition services and offers a portfolio of non-exclusive Multi Client data to the global exploration community, developed in partnership with oil companies and governments. Our range of products includes long offset 2D, high capacity 3D, 4D, Multi-azimuth and Wide-azimuth data acquired with highly specified vessels and the latest seismic equipment, including our OPTOWAVE(TM) multi-component ocean bottom cable (4C OBC) system for permanent seismic 4D monitoring that uses optical sensor technology. We are also in the process of launching a new concept for EM acquisition and data analysis. From our main offices in Bergen and Oslo, Norway, and our other locations in London, Houston and Perth, Wavefield Inseis has a global reach, with activities in the Americas, Europe, Africa, the Middle East and Asia.

Wavefield Inseis ASA

http://www.wavefield.no

ISIN: NO0010295504

Stock Identifier: XOSL.WAVE

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