TransGlobe Energy Corporation announced that in conjunction with the company's AIM process, and in response to recent shareholder feedback on Board renewal and other governance matters, the Board is announced the following transition plan and policy change affecting its Board of Directors: Over the next twelve months, the Board of Directors will be reduced from nine to seven members. Three of the existing seven independent directors plan to retire at or prior to the Company's AGM in 2019, and the board plans to recruit one new board member, a UK or European based qualified individual, to join the Board in 2019. The Board believes that this plan provides an orderly transition in the Board of Directors while the Company seeks to grow its UK and European investor base in 2018 and 2019.