ABGSC acted as joint bookrunner in the NOK 1,160 million secondary sale of shares in TGS-NOPEC Geophysical Company by Altor Fund IV

Altor Invest 1 AS and Altor Invest 2 AS (both companies part of Altor Fund IV (“Altor”)) has today successfully sold NOK 4,480,128 shares in TGS-NOPEC Geophysical Company ASA (“TGS”). The shares were sold at a price of NOK 259.00 per share, representing a discount of 3.2% to the closing price on 26 November 2019, for total gross proceeds of NOK 1,160 million. The placement represented 3.77% of the outstanding shares in the TGS and following the placement, Altor no longer holds any shares in TGS.