Temporary change in number of shares and votes in Tethys Oil

Tethys Oil AB (publ) (“Tethys Oil”) has, in accordance with the previously announced resolution of the Annual General meeting on 10 May 2023, launched a mandatory share redemption procedure whereby every share in Tethys Oil is split into one ordinary share and one redemption share. As a result, the number of shares and votes in Tethys Oil has changed. The change is temporary since the Annual General Meeting also resolved on a redemption of the new shares.

As of 31 May 2023, the total number of shares in Tethys Oil amounts to 66,113,216, of which 33,056,608 are ordinary shares and 33,056,608 are redemption shares. The total number of votes has also increased from 33,056,608 to 66,113,216 votes.

The redemption shares are being traded up to and including 9 June 2023 on Nasdaq Stockholm. With record date 13 June 2023, the redemption shares will be automatically redeemed and SEK 3.00 in cash consideration per redemption share will be paid. After the redemption, the outstanding number of shares and votes in Tethys Oil will return to 33,056,608.