TGS-NOPEC (OSL:TGS) TGS Extraordinary General Meeting

TGS-NOPEC (OSL:TGS) TGS Nopec Geophysical Company ASA today held an Extraordinary General Meeting to vote on the Board of Directors' proposal to drop the demand for implementation of the merger with Wavefield-Inseis in arbitration and instead concentrate on the demand for compensation from Wavefield Inseis. The result of the voting was that 25.782.261 shares voted for the Board of Directors' proposal, 8.557.486 shares voted against and 4.400 shares refrained from voting for the Board of Directors' proposal. The minutes from the Extraordinary General Meeting will be sent as soon as it is finished.

This means that TGS will terminate the merger plan with Wavefield and concentrate on the claim for compensation in Arbitration.

For more information, contact:

Arne Helland Chief Financial Officer Tel: +47 66 76 99 31/+47 91 88 78 29 Email: arne.helland@tgsnopec.no



LINK: http://hugin.info/86869/R/1248247/270607.pdf

TGS-NOPEC

http://www.tgsnopec.no/

ISIN: NO0003078800

Stock Identifier: XOSL.TGS

US: Other OTC: TGSNF.PK