Change in number of shares and votes in Tethys Oil

Tethys Oil has, in accordance with previously announced information, completed a mandatory share redemption procedure whereby every redemption share in Tethys Oil has been redeemed. As a result, the number of shares and votes in Tethys Oil has changed.

As at 1 June 2019, the total number of shares and votes amounted to 71,792,620, of which 35,896,310 were ordinary shares and 35,896,310 were redemption shares.

The redemption shares were traded until 7 June 2019 on Nasdaq Stockholm. With a record date of 11 June 2019, the redemption shares were automatically redeemed and SEK 6.00 in cash consideration per redemption share was paid.

During June 2019, the total number of shares and votes decreased from 71,792,620 shares and votes to 35,896,310 shares and votes as a result of the mandatory redemption of redemption shares described above. Consequently, as at 28 June 2019, the total number of shares and votes in Tethys Oil AB (publ) amounts to 35,896,310 shares and votes.

This is information that Tethys Oil AB (publ) is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 8:30 CEST on 28 June 2019.

For further information, please contact
Magnus Nordin, Managing Director, phone +46 8 505 947 00

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 and Block 56. 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