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TGS-NOPEC (OSL:TGS) Asker, 3. September, 2008. TGS refers to our release and Minutes posted yesterday. Although the conclusion of the votes cast yesterday was correct, unfortunately, the number of votes voting for and against of Resolution #4 were quoted wrongly. The number of shares voting for the Board of Directors' proposal to drop the demand for implementation of the merger with Wavefield-Inseis in arbitration and instead concentrate on the demand for compensation from Wavefield Inseis were 31,464,711, or 92% of the shares voting, and 2,874,936 shares voted against (8%) and 4.400 shares refrained from voting for the Board of Directors' proposal.
The corrected minutes from the Extraordinary General Meeting will be sent soon.
As said, yesterday, this means that TGS will terminate the merger plan with Wavefield and concentrate on the claim for compensation in Arbitration.
A copy of the presentation held by CEO Hank Hamilton was attached to our release posted yesterday and can also be found at www.tgsnopec.com
