TIDMTGL

RNS Number : 1995C

TransGlobe Energy Corporation

21 February 2022

TRANSGLOBE ENERGY CORPORATION PROVIDES AN

UPDATE ON SIGNIFICANT SHAREHOLDER OWNERSHIP

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

Calgary, Alberta, February 21, 2022 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") understands that as of 31 December 2021, Invesco Ltd. beneficially owns an aggregate interest in 6,229,923 common shares of TransGlobe, which represents approximately 8.6% 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 9 February 2022.

TransGlobe understands that as of 31 December 2021, BLR Partners LP beneficially owns an aggregate interest in 3,335,000 common shares of TransGlobe, which represents approximately 4.6% of the issued and outstanding common shares of the Company. This information is based on the Company's understanding of BLR Partners LP's most recent 13F Securities and Exchange Commission filing, dated 14 February 2022.

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 
  James Asensio                                   +44(0) 20 7523 8000 
 Shore Capital (Joint Broker) 
  Toby Gibbs 
  John More                                       +44(0) 20 7408 4090

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February 21, 2022 02:00 ET (07:00 GMT)

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