TGS-NOPEC (OSL:TGS) We refer to our release to the Oslo Stock Exchange of 11 August related to the talks on a revised merger plan with Wavefield, where we informed that TGS would call an extraordinary general meeting of shareholders by end of last week.

TGS and Wavefield have agreed with the arbitration panel that the arbitration process is postponed by one week. The notice to the extraordinary general meeting of shareholders to consider the situation will therefore be sent out to our shareholders this week.

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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