TGS and PGS - key dates for completion of merger

Oslo, Norway - June 20, 2024

Reference is made to the joint stock exchange announcement on 18 September 2023 by TGS ASA ("TGS" or the "Company," OSE: TGS) and PGS ASA ("PGS," OSE: PGS) regarding the combination of the two companies (the "Merger") to establish the premier energy data company, as well as the announcements on 25 October 2023 and 1 December 2023 regarding, respectively, the execution of the definitive merger agreement and approval by the extraordinary general meetings.

Reference is also made to subsequent announcements related to regulatory approval process, latest on 11 June 2024 where it was reported that all conditions for completion of the Merger have been satisfied.

On this basis, it is currently expected that completion of the Merger will occur on 1 July 2024. Key dates and information for the completion of the Merger will then be as follows:



PGS ASA and its subsidiaries ("PGS" or "the Company") is a fully integrated marine geophysical company that provides a broad range of seismic and reservoir services, including data acquisition, imaging, interpretation, and field evaluation.

Our services are provided to the oil and gas industry, as well as to the broader and emerging new energy industries, including carbon storage and offshore wind.

The Company operates on a worldwide basis with headquarters in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS). For more information on PGS visit www.pgs.com.

Petroleum Geo-Services ASA press release