TIDMTGL

RNS Number : 2266H

TransGlobe Energy Corporation

04 April 2022

TRANSGLOBE ENERGY CORPORATION

PDMR DEALINGS

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

Calgary, Alberta, April 4, 2022 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that on March 29, 2022; Mr. Geoff Probert, Chief Operating Officer, exercised 258,251 stock options under the Company's Stock Option Plan ("SOP"). In addition, on March 30, 2022; Mr. Randy Neely, President and Chief Executive Officer, exercised 430,428 stock options under the Company's SOP.

 
      Name                   Position              Status    SOP Options Exercised 
 Geoff Probert       Chief Operating Officer        PDMR            258,251 
                 -------------------------------  --------  ---------------------- 
                  President and Chief Executive 
  Randy Neely                 Officer               PDMR            430,428 
                 -------------------------------  --------  ----------------------

The shares issued are net of costs and taxes payable. A further announcement will be made once the tax analysis is complete and the resultant number of new shares to be issued are known.

This notification is made under article 19.1 of the Market Abuse Regulation ("MAR") and relates to options exercises by Persons Discharging Managerial Responsibilities ("PDMR") on March 29 and March 30, 2022 under the Company's SOP.

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 CEO              investor.relations@trans-globe.com 
  Eddie Ok, CFO                                       http://www.trans-globe.com 
                                                      or via Tailwind Associates 
 Tailwind Associates (Investor Relations)                        +1 403 618 8035 
  Darren Engels                                     darren@tailwindassociates.ca 
                                                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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April 05, 2022 02:00 ET (06:00 GMT)

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