Oslo 7 August 2019:
Reference is made to previous stock exchange announcements regarding the merger between TGS-NOPEC Geophysical Company ASA ("TGS", OSE: TGS) and Spectrum ASA ("Spectrum", OSE: SPU).
All conditions for the merger have now been fulfilled, and the parties have declared the transaction unconditional.
Key dates and information for the completion of the merger are as follows:
| Last day of trading in Spectrum shares on Oslo Børs: | 14 August 2019 |
| Effective Date (of completed merger): | 14 August 2019 |
| First day of trading in combined company: | 15 August 2019 |
| Record date for delivery of consideration shares and cash consideration: | 16 August 2019 |
| ISIN (TGS, unchanged): | NO 0003078800 |
| Transferor company: | Spectrum |
| Transferee company: | TGS AS, with consideration shares issued by TGS |
| Merger consideration: | Shareholders in Spectrum will for each Spectrum share held per the record date receive (i) 0.28 shares in TGS and (ii) NOK 0.655 in cash. |
| Date of approvals: | 21 June 2019 (extraordinary general meetings) |
For further information and details on the merger, please see stock exchange announcements of 2 May 2019 and 21 May 2019.
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, and data integration solutions. For more information visit TGS online at www.tgs.com (http://www.tgs.com). For further information regarding this announcement please contact: Sven Børre Larsen Chief Financial Officer Tel: +47 909 43 673 E-mail: investor@tgs.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act