Statement by the independent bid committee of Tethys in relation to the public offer from Roc Oil Company Pty Limited

The independent bid committee of the board of directors of Tethys Oil AB (publ) unanimously recommends shareholders to accept the public offer from Roc Oil Company Pty Limited.

On 13 September 2024, Roc Oil Company Pty Limited (“Roc”) announced a public offer to the shareholders of Tethys Oil AB (publ) (“Tethys” or the “Company”) to transfer all their shares in the Company to Roc at a price of SEK 58.70 in cash per share (the “Offer”).

Additional information about the Offer is available at www.project-strata.com. The independent bid committee’s recommendation and other relevant documents are available below.