TransGlobe Energy Corporation

Corporate Policies

Up-to-date corporate policies form an important part of TransGlobe's corporate governance. Each policy is reviewed and, if necessary, updated on an annual basis. Following this review, all staff are required to sign off on the appropriate policies every year.

TransGlobe has the following policies in place:

• Code of Conduct and Conflict of Interest Guidelines for Directors and Officers
• Code of Conduct for the Corporation
• Disclosure Policy
• Hedging Policy
• Trading Policy
• Whistleblower Protection Policy