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TGS : TGS Confirms Implementation of Sponsored ADR



              TGS : TGS Confirms Implementation of Sponsored ADR

ASKER, NORWAY (28 June 2013) - Following its announcement in May 2013, TGS
confirms that its sponsored American Depositary Receipt (ADR) program has been
successfully implemented.  BNY Mellon has been appointed as depositary bank
for this program.  Each TGS ADR represents one ordinary share and trades on
the over-the-counter market under the symbol "TGSGY".  TGS' ordinary shares
trade on the Oslo Bors under the symbol "TGS".

The TGS ADR program will offer U.S. investors the convenience of stock quotes
and dividend payments in U.S. dollars with transactions cleared and settled
according to normal U.S. standards.  TGS ADRs can be purchased and sold in the
same way as other U.S. stocks via a U.S. broker and can provide investors with
a cost-effective means of international portfolio diversification.

"We are delighted to partner with BNY Mellon in establishing a sponsored ADR
program," said Kristian Johansen, CFO of TGS.  "We look forward to expanding
our visibility and investor base within the U.S. capital markets via this ADR
program."

"We'll work closely with TGS to broaden its outreach to the global investment
community, with the ultimate goal being diversification of its shareholder
base by attracting more U.S. investors," said Christopher M. Kearns, CEO of
BNY Mellon's Depositary Receipts business.

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, permanent reservoir monitoring
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).

For additional information about this press release please contact:

Kristian Johansen
Chief Financial Officer
Tel: +47 47 60 33 34
Email: kristian.johansen@tgs.com

Will Ashby
Director Investor Relations and M&A
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)

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This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: TGS via Thomson Reuters ONE
HUG#1712710
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