Tethys Oil AB (publ) redeems all outstanding bonds under its SEK 400,000,000 bond loan

Tethys Oil AB (publ) (“Tethys” or the “Company”) has given notice to all
holders of the Company’s SEK 400,000,000 9.50% Bonds 2012/2015 (ISIN:
SE0004808129) (the “Bonds”) of exercise of its option for early redemption of
the Bonds in accordance with Section 9 of the terms and conditions for the

The redemption date when the redemption will occur will be 7 April 2014 (the “
Early Redemption Date”). The record date for early redemption will be 31 March
2014. The early redemption amount will be SEK 1,045,000 per Bond, which
constitutes 104.50 per cent of the nominal amount of each Bond. Accrued but
unpaid interest up to and including the Early Redemption Date will also be paid
to the bondholders on the Early Redemption Date.

The Bonds will be delisted from the corporate bond list at NASDAQ OMX Stockholm
on or about 26 March 2014.

The Company’s notice on early redemption is irrevocable and is governed by
Swedish law. This press release is, for the avoidance of doubt, not an offer to
purchase or sell financial instruments.


For further information, please contact

Magnus Nordin, Managing Director, phone +46 70 576 6555, magnus@tethysoil.com


Morgan Sadarangani, CFO, phone +46 8 505 947 01, morgan@tethysoil.com



Tethys Oil AB (publ)

Tethys Oil is a Swedish energy company focused on exploration and production of
oil and natural gas. Tethys Oil’s core area is Oman, where the company is one
of the largest onshore oil and gas concession holders. Tethys Oil also has
exploration and production assets onshore France and Lithuania. The shares are
listed on NASDAQ OMX Stockholm (TETY) in Stockholm.

Website: www.tethysoil.com

About Tethys Oil

Tethys Oil is a Swedish oil company with focus on onshore areas with known oil discoveries. Tethys Oil's core area is Oman, where the company holds 2P Reserves of 25 mmbo and 2C Contingent Resources of 13 mmbo and had an average oil production of 11,767 barrels per day from Blocks 3&4 during 2018. Tethys Oil also has onshore exploration licences in Lithuania and France and some production in Lithuania. The shares are listed on Nasdaq Stockholm (TETY).