TIDMTGL

RNS Number : 6896Y

TransGlobe Energy Corporation

08 September 2022

TRANSGLOBE ENERGY CORPORATION PROVIDES AN

UPDATE ON ITS SIGNIFICANT SHAREHOLDERS

AIM & TSX: "TGL" & NASDAQ: "TGA"

Calgary, Alberta, September 8, 2022 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") understands that as of May 11 , 2021, Fosun International Ltd., beneficially owns an aggregate interest in 0 common shares of TransGlobe, which represents approximately 0% of the issued and outstanding common shares of the Company. This information is based on the Company's understanding of Fosun International Ltd.'s Securities and Exchange Commission filing, dated 11 May 2021.

TransGlobe understands that as of August 8, 2022 , Hillsdale Investment Management Inc., beneficially owns an aggregate interest in 2,260,945 common shares of TransGlobe, which represents approximately 3.1% of the issued and outstanding common shares of the Company. This information is based on the Company's understanding of Hillsdale Investment Management Inc.'s most recent 13F Securities and Exchange Commission filing, dated 8 August 2022.

TransGlobe understands that as of August 9, 2022 , Acadian Asset Management LLC, beneficially owns an aggregate interest in 2,762,089 common shares of TransGlobe, which represents approximately 3.8% of the issued and outstanding common shares of the Company. This information is based on the Company's understanding of Acadian Asset Management LLC's most recent 13F Securities and Exchange Commission filing, dated 9 August 2022.

TransGlobe understands that as of September 6, 2022 , Invesco Ltd., beneficially owns an aggregate interest in 4,593,176 common shares of TransGlobe, which represents approximately 6.3% of the issued and outstanding common shares of the Company. This information is based on the Company's understanding of Invesco Ltd.'s most recent 13F Securities and Exchange Commission filing, dated 15 August 2022 and direct discussions.

About TransGlobe

TransGlobe Energy Corporation is a cashflow focused oil and gas exploration and development company whose current activities are concentrated in the Arab Republic of Egypt and Canada. TransGlobe's common shares trade on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol TGL and on the NASDAQ Exchange under the symbol TGA.

For further information, please contact:

 
 TransGlobe Energy Corporation                        +1 403 264 9888 
  Randy Neely, President and       investor.relations@trans-globe.com 
  CEO                                      http://www.trans-globe.com 
  Eddie Ok, CFO                            or via Tailwind Associates 
 Tailwind Associates                                  +1 403 618 8035 
  (Investor Relations)                   darren@tailwindassociates.ca 
  Darren Engels                      http://www.tailwindassociates.ca 
 Canaccord Genuity 
  (Nomad & Joint-Broker) 
  Henry Fitzgerald-O'Connor 
  Gordon Hamilton                                 +44(0) 20 7523 8000 
 Shore Capital (Joint Broker) 
  Toby Gibbs 
  John More                                       +44(0) 20 7408 4090

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September 08, 2022 02:00 ET (06:00 GMT)

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