TransGlobe Energy Corporation Announces an Update to a Significant Shareholder

CALGARY, Alberta, Dec. 05, 2019 (GLOBE NEWSWIRE) -- AIM & TSX:  “TGL” & NASDAQ:  “TGA”

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer)
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:				TransGlobe Energy Corporation
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an “X” if appropriate)
Non-UK issuer									x
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights									x
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify): Total number of voting rights of issuer changed as a result of completion of tender offer.
3. Details of person subject to the notification obligation
Name				Morgan Stanley
City and country of registered office (if applicable)				Wilmington, Delaware, USA
4. Full name of shareholder(s) (if different from 3.)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached:				29/11/2019
6. Date on which issuer notified (DD/MM/YYYY):				03/12/2019
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)		% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)			Total of both in % (8.A + 8.B)		Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	Below 3%		Below 3%			Below 3%		72,542,071
Position of previous notification (if applicable)	5.41%		0.00%			5.41%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights				% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
CA8936621066
SUBTOTAL 8. A		Below 3%				Below 3%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument	Expiration date		Exercise/ Conversion Period		Number of voting rights that may be acquired if the instrument is exercised/converted			% of voting rights
			SUBTOTAL 8. B 1		Below 3%			Below 3%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Physical or cash settlement	Number of voting rights		% of voting rights
			SUBTOTAL 8.B.2	Below 3%	Below 3%

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)				X
Name	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold

10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information

Place of completion	Glasgow
Date of completion	03/12/2019

About TransGlobe
TransGlobe Energy Corporation is a cash flow focused oil and gas exploration and development company whose current activities are concentrated in the Arab Republic of Egypt and Canada. TransGlobe’s common shares trade on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol TGL and on the NASDAQ Exchange under the symbol TGA.

For further information, please contact: Investor Relations Telephone: [phone] Email: [e-mail] Web site:  http://www.trans-globe.com
TransGlobe Energy		Via FTI Consulting
Randy Neely, President and Chief Executive Officer
Eddie Ok, Chief Financial Officer
Canaccord Genuity  (Nomad & Joint Broker)		[phone]
Henry Fitzgerald-O'Connor
James Asensio
GMP First Energy (Joint Broker)		[phone]
Jonathan Wright
FTI Consulting (Financial PR)		[phone]
Ben Brewerton		[e-mail]
Genevieve Ryan

nr-reg