Shareholder Information

• Symbol: TGS

• Listing: Oslo Stock Exchange(member of the OBX index) 

• Current Share Price

• Link to NewsWeb for Oslo Børs

• ADR: TGSGY and TGSNF (traded on the U.S. over-the-counter market)

• Analyst coverage: 10 firms

• Average daily trading volume in 2025: 419,691 shares

One Class of Shares

The Company has only one class of shares and each share gives the right to one vote at the General Assembly. There are no voting restrictions. The Board puts emphasis on, to the extent possible, disclosing and describing the topics of the agenda and the proposed resolutions in the call for the assembly to allow the shareholders to prepare beforehand. 

Limitations on Trade

There are no other limitations to the trading of shares from the Company’s side, other than Insider Trading for employees and Board members. 

The General Assembly

The Company’s General Assembly is open for all shareholders and any shareholder not attending the General Assembly can give proxy to vote on his/her behalf. Forms of Proxy are sent to the shareholders together with the call for the assembly. The proceedings in the General Assembly follow the agenda outlined in the call. 

Shareholders who wish to raise a topic in the General Assembly have the possibility to do so, but must then notify the Board of Directors of this in writing and in reasonable time before the call for the assembly is dispatched. The General Assembly may not decide for a higher dividend than the Board of Directors has proposed for that year. It is not at this point accepted that the shareholders can participate in the annual meeting or vote through the internet. 

Dividend Policy

Because of the highly cyclical nature of the oil services industry, TGS' Board of Directors remains convinced that the TGS Group's unique business model, strong balance sheet and strong cash position are essential to its financial health, risk management and future growth. With this in mind, the Board will continue to carefully evaluate investment opportunities for growth. 

It is the ambition of TGS to pay a cash dividend that is in line with its long-term underlying cash flow. When deciding the annual dividend amount, the TGS Board of Directors will consider expected cash flow, investment plans, financing requirements and a level of financial flexibility that is appropriate for the TGS business model.

From 2016, TGS commenced paying dividends on a quarterly basis in accordance with the shareholder approved resolution. The aim will be to keep a stable quarterly dividend through the year, but the actual level paid will be subject to continuous evaluation of market outlook, cash flow expectations and balance sheet development. 

The ex-dividend date will normally be seven days after the announcement of the dividend in connection with the release of quarterly financial statements, with the payment date 14 days after the ex-dividend date.

In addition to paying a cash dividend, TGS may also buy back its own shares as part of its plan to distribute capital to shareholders.  

Further information is available in the Minutes of Annual General Meeting 2025.

Policy

The purpose of TGS’ investor relations (IR) policy is to define how the Company engages with investors and financial stakeholders to build trust and awareness. TGS has an IR-person who ensures that all relevant IR activities comply with rules, regulations and recommended practices.

Non-Discriminatory Disclosures

TGS informs the capital markets with orderly, fair and non-discriminatory disclosures. The Company publishes quarterly and annual financial reports according to rules and regulations, as well as any interim information of significance with potential to impact valuation of the TGS share.

In addition to regulatory financial reporting requirements, the Company publishes stock exchange releases to announce:

• All contract awards with a value of ~USD 5 million or more
• All multi-client projects with an investment amount of ~USD 5 million or more
• Strategically important contracts and all New Energy Solutions related projects
• A quarterly operational update on the sixth working day after quarter-end. The quarterly operational update includes an allocation overview of active 3D streamer vessels, a normalized ocean bottom crew count, and multi-client investment. 

TGS publishes stock exchange releases at 07:00 a.m. local Oslo-time, unless an immediate disclosure is required.

In addition to stock exchange releases, TGS publishes press releases regarding other projects and news on its webpage www.tgs.com.

Communication Channels

TGS publishes all stock exchange releases on Euronext Oslo Børs’ newswire www.newsweb.no, on the Company’s webpage www.tgs.com, and other statutory news channels to ensure orderly, fair and non-discriminatory disclosures.

TGS provides live webcasts of quarterly earnings presentations and capital market days. Replays are available on the Company’s webpage shortly after.

All stock exchange releases and press releases are published in English only.

IR Activities and Spokespersons

TGS arranges investor roadshows after quarterly earnings releases, attends several investor conferences and have regular meetings with shareholders and investors interested in the Company.

There are several sell-side analysts with research coverage of TGS, an overview is available here. The IR-person is available for the sell-side and other investors and financial stakeholders for conference calls, meetings and to answer questions.

TGS collects sell-side consensus estimates before and after quarterly earnings releases and publishes them on the Company’s website.

The primary financial spokespersons in TGS are the CEO, CFO and the IR-person. Other members of the executive team, or leaders, can speak on behalf of the Company when agreed upon.

Silent Periods

TGS applies a silent period of 14 calendar days before announcement of a quarterly financial report and events such as a capital market day or similar. During the two-week period preceding the event, TGS limits its communications with the capital market and will not meet with investors and financial stakeholders.