TransGlobe Energy Corporation

Corporate Governance

Sound corporate governance is very important to TransGlobe and the Company is committed to the highest standards and best practices in corporate governance. The Company benefits from a strong Board of Directors whose members have many years of experience in senior positions in the international oil and gas industry. As a company listed on a major U.S. stock exchange (NASDAQ), TransGlobe strictly adheres to all the regulations stipulated by the Sarbanes-Oxley Act and continuously tests its conformance with these provisions. All board-related mandates and corporate policies are reviewed annually and updated as required in order to meet the latest regulations or guidelines put forth by securities commissions in the jurisdictions where the Company is based and listed, the Alberta Securities Commission and the Security and Exchange Commission in the United States.