Pursuant to the requirements set out in the Securities Trading Act, regulated by
the Norwegian Financial Supervisory Authority ("FSA") and by the Oslo Stock
Exchange, please be advised of the shareholding in TGS ASA for T. Rowe Price
Associates, Inc.
T. Rowe Price Associates, Inc. and its affiliates ("T. Rowe Price"), as
described in more detail below, serve as investment adviser to various entities
including institutional clients, sub-advised funds, common trust funds and
proprietary mutual funds ("Advisory Clients"). T. Rowe Price is making the
following disclosure. On 06 June 2023, Advisory Clients of T. Rowe Price sold
shares, which decreased our ownership of common shares below 5%, to 6,154,119
voting rights, or 4.93%. T. Rowe Price's ownership of voting rights decreased to
6,070,764 voting rights, or 4.86% of TGS ASA, remaining below the 5% threshold
as indicated in our previous filing.
Explanation of the T. Rowe Price Organization:
T. Rowe Price Group, Inc. ("TRPG") owns 100% of T. Rowe Price Associates, Inc.
("TRPA"). TRPG is a holding company with no physical assets and no independent
operations of its own. TRPG is a publically traded company on NASDAQ under
ticker TROW. There are no controlling stockholders of this company. TRPG has
officers and directors, but no independent employees. All TRPG employees are
employees of operating subsidiaries. TRPG does not directly hold any shares of
TGS ASA.
TRPA is a wholly-owned subsidiary of TRPG. TRPA is registered with the U.S.
Securities and Exchange Commission ("SEC") as an investment advisor under the
Investment Advisers Act of 1940. TRPA does not directly hold any shares of TGS
ASA.