Tethys Oil issues three year bond loan

Tethys Oil AB (publ) (“Tethys”) issues a secured three-year bond loan of SEK
400 million. The bonds are issued at 100 percent of the nominal value and run
with a fixed interest rate of 9.50 percent per year. Settlement date is 7
September 2012 and the maturity date of the bonds is 7 September 2015. Tethys
intends to list the bonds on NASDAQ OMX Stockholm.

A minimum of SEK 200 million of the proceeds will be used for capital
expenditures related to Block 3 & 4 in Oman. The remaining net proceeds will be
applied towards general corporate purposes.

Pareto Öhman AB has been the financial adviser to Tethys in connection with the
bond issue. Gernandt & Danielsson Advokatbyrå KB has been the legal adviser to
Pareto Öhman AB.


For further information, please contact

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

Morgan Sadarangani, CFO, phone +46 8 679 49 91; 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 have
exploration and production assets onshore France, Lithuania and Sweden.

The shares are listed on First North (TETY) in Stockholm. Remium AB is
Certified Adviser.

Website: www.tethysoil.com

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