Nomination committee

In accordance with the resolution at the Annual General Meeting (AGM) in Tethys Oil on 15 May 2019, a nomination committee has been formed. Tethys Oil’s nomination committee for the AGM 2020 consists of the following members:

Viktor Modigh, chairman of the nomination committee, representing Magnus Nordin
Mikael Petersson, representing Lansdowne Partners Austria GmbH and Coeli Asset Management AB
Jan Risberg, representing himself
Geoffrey Turbott, chairman of the board Tethys Oil AB

The tasks of the nomination committee shall be to prepare for the AGM 2020 proposals in respect of:

  • number of directors of the board
  • remuneration to the chairman of the board of directors, the other directors of the board and the auditors respectively
  • remuneration, if any, for committee work
  • the composition of the board of directors
  • the chairman of the board of directors
  • resolution regarding the process of the nomination committee 2021
  • chairman at the annual general meeting
  • election of auditors

Shareholders who wish to present a motion to the nomination committee can do so to the chairman of the nomination committee, not later than 13 February 2020: nomcom@tethysoil.com or by letter to Tethys Oil AB, Nomination Committee, Hovslagargatan 5B, SE-111 48 Stockholm.

The AGM 2020 is planned to be held in Stockholm, Sweden, on 13 May 2020 at 15.00 CET.

Board diversity policy

Diversity in the Board is important to promote independent views and critical thinking. In proposing Board members to annual or extraordinary general meetings, the Nomination Committee shall consider the Board in its entirety and aim to ensure that the Board possesses the requisite knowledge of and experience in the business, social and cultural conditions of the relevant regions and markets for the Company.

The Nomination Committee shall further consider:

· a sound age distribution of Board members,
· gender balance, and
· the Board members’ educational and professional background.

No one shall be discriminated due to ethnic background, religion, disability, age, gender, sexual orientation or any other reason.

About Tethys Oil

Tethys Oil is a Swedish oil company with focus on onshore areas with known oil discoveries. The company’s core area is the Sultanate of Oman, where it holds interests in Blocks 3&4, Block 49, Block 56 and Block 58. Tethys Oil has net working interest 2P reserves of 26.1 mmbo and net working interest 2C Contingent Resources of 13.5 mmbo and had an average oil production of 12,832 barrels per day from Blocks 3&4 during 2019. The company’s shares are listed on Nasdaq Stockholm (TETY). Website: www.tethysoil.com