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TGS Awards Performance Share Units and Restricted Share Units
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Oslo, Norway (17 August 2026) – TGS has issued awards of Performance Share Units (PSUs) and Restricted Share Units (RSUs) to 293 key employees of the Company, as authorized by the shareholders of the company at its Annual General Meeting on 29 April 2026.  With the exception of certain PSUs and RSUs, which may be secured by the Company’s treasury stock, the PSUs and RSUs are secured by free-standing warrants that, upon vesting of the PSUs and RSUs in accordance with their terms, are convertible to shares of the Company’s common stock.  Each PSU represents the right to receive a maximum of 1.5 shares, while each RSU represents the right to receive one share.

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