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September 29, 2022

Fulfilment of closing conditions for the recommended voluntary exchange offer for all shares in Magseis Fairfield ASA

TGS is hereby pleased to announce that the conditions for completion of the Offer relating to third party consents as set out in Section 3.3.4 (Conditions for completion of the Offer) of the Offer Document have now been fulfilled.

September 29, 2022

Preliminary results of the recommended voluntary exchange offer for all shares in Magseis Fairfield ASA

The acceptance period for the Offer expired at 16:30 hours (CEST) on 28 September 2022. At the time of expiry the Offeror had received acceptances of the Offer for a total of 204,712,377 Magseis Fairfield shares, equaling approximately 75.34%.

September 23, 2022

TGS amends minimum acceptance condition to 66.67% for the recommended voluntary exchange offer for all shares in Magseis Fairfield ASA and confirms that such minimum acceptance condition has been satisfied

TGS announces that the condition to the Offer relating to minimum acceptance is partially waived by the Offeror.

September 22, 2022

Update on acceptances of the recommended voluntary exchange offer for all outstanding shares in Magseis Fairfield ASA

As of the date hereof at 08:00 hours (Norwegian time), and subject to customary verification, the Offeror has received acceptances of the Offer for a total of 193,842,471 shares, equalling approximately 71.34% of the outstanding shares and votes in Magseis Fairfield.

September 22, 2022

Magseis Fairfield extends its Revolving Credit Facility (RCF)

The company is pleased to inform that the increased RCF to USD 45 million has been extended further by half a year to March 31, 2023.

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