TransGlobe Energy Corporation Announces the Signing of A Share Purchase Agreement to Acquire Cepsa Egypt SA B.V.

TransGlobe Energy Corporation

announces the signing of a Share Sale and Purchase Agreement to acquire the shares of Cepsa Egypt SA B.V. , a wholly owned subsidiary of COMPANIA ESPANOLA DE PETROLEOS, S.A.U. (a company registered in Spain) subject to customary closing conditions. All dollar values are expressed in United States dollars unless otherwise stated.