Magseis Fairfield ASA: Extraordinary general meeting held

(Oslo, 10 January 2023) Following completion of the compulsory acquisition of
all remaining shares of Magseis Fairfield ASA (the "Company") by TGS ASA as
reported on 5 January 2023, an extraordinary general meeting was convened and
held today, 10 January 2023 (the "EGM"). At the EGM, it was resolved to apply
for a delisting of the shares of the Company from Oslo Børs and, with effect
from the delisting, to convert the Company to a private limited liability
company. 

Further, the EGM also resolved, with effect from the time of conversion to a
private limited liability: (i) to de-register the Company's shares from the VPS;
(ii) to remove the nomination committee; and (iii) to make certain related
amendments to the Company's articles of association. 

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

André Bjørvik, SVP Corporate Communication
Tel: [phone]
Email: [e-mail]

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