(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