On February 29th, 2008, TGS notified that 9 employees had exercised 108,000 stock options secured by warrants on February 28th, 2008.
The notice included that two primary insiders were among the 9 employees. By mistake, the notice failed to say that
a third primary insider, Liv Haug, also was among the 9. Liv Haug exercised 8,000 options from the award
in August 2003 at an exercise price of NOK 20.8125 per share. Balance held after the transaction is 18,000 shares in TGS and 0 stock options.