TGS Announces Q4 2020 Results and Establishment of New Energy Solutions Business Unit - Seite 2

TGS Management will present the Q4 2020 results and host a Capital Markets Day today during a live-streamed webcast today. The event starts at CET 14.00 and is expected to last to approximately CET 16.00.

We encourage attendees to join the webcast 5-10 minutes before CET 14:00 to ensure access. During the webcast, there will be an opportunity for attendees to ask questions.

Presentation and webcast details:

• Copy and paste this link into your browser: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20210211_9
• Visit TGS.com to gain instant access to the webcast

An on-demand version of the Capital Markets Day will be available on TGS.com
after the event.

For more information, visit TGS.com (http://www.tgs.com) or contact:

Fredrik Amundsen, CFO
Tel.: [phone]
E-mail: [e-mail] (mailto:[e-mail])

Notes
1 - Figures based on Segment reporting, where sales committed prior to completion of the project are recognized on a Percentage of Completion basis. Please refer to the full Q4 2020 report for statements prepared according to IFRS.
2 - Defined as Cash flow from operations after investments in the multi-client library.
3 – Subject to renewal of the Board of Director’s share repurchase authorization at the Annual General Meeting on 12 May 2021.

About Us
TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions.

Forward Looking Statement
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principal customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data product at costs commensurate with profitability, as well as volatile market conditions, which have been exacerbated by the COVID-19 pandemic and the severe drop in oil prices. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

Attachments

• 2020 Q4 TGS Earnings Release
• 2020 Q4 Results and 2021 Guidance