The Board of Tethys Oil AB (publ) (the “Company”) has, exercising a mandate
that was granted at the AGM held on 25 May 2011, resolved to make a directed
issue of 500,000 new shares (the “Issue”).

The Issue which is for 500,000 shares completes the intention to place up to
3,000,000 shares announced on May 9, 2012. The issue price is SEK 40 and is the
same that was set through book building in the placing of 2,500,000 shares
announced on May 10, 2012 . The price corresponds to a discount of
approximately 7 percent to the volume weighted average share price the last
trading day before the Issue.  Through the Issue, SEK 20 million will be
brought to the Company before issue expenses.
Following the Issue, the number of shares amounts to 35,543,750, of which the
new shares correspond to 1.4 percent of the equity. The Company’s share capital
increases with SEK 83,333 from SEK 5,840,625 to SEK 5,923,958.
The new shares will entitle to dividends for the first time at the record date
for dividend that is closest after the new shares have been registered by the
Swedish Companies Registration Office (Bolagsverket).
The proceeds from the two share issues amounts to in total SEK 120 million
before issue costs and will be used to fund the Company’s ongoing investment
programme in Oman and for general working capital purposes. The two share
issues comprise a total of 3,000,000 shares and were subscribed mainly by
Swedish and international institutional investors. The reason for deviating
from the shareholders’ preferential right was to reach institutional investors
and broaden the Company’s investor base.
Pareto Öhman AB is financial adviser to the Company in connection with the
Issue. Gernandt & Danielsson Advokatbyrå KB is the legal adviser to Pareto
Öhman AB in connection with the Issue.
For further information, please contact
Magnus Nordin, Managing Director, phone +46 70 576 6555; magnus@tethysoil.com
Morgan Sadarangani, CFO, phone +46 73 593 1500; morgan@tethysoil.com
Tethys Oil AB (publ)
Tethys Oil is a Swedish energy company focused on identification and
development for production of oil and natural gas assets. Tethys’ core area is
the Sultanate of Oman, where the company is the second largest onshore oil and
gas concession-holder with licence interests in three onshore blocks. Tethys
also has licences onshore France, Lithuania and Sweden. Tethys’ strategy is to
invest in projects in areas with known oil and natural gas discoveries that
have not been properly appraised using modern technology. In this way, high
returns can be achieved with limited risk.
The shares are listed on First North (TETY) in Stockholm. Remium AB is
Certified Adviser.
Website: www.tethysoil.com
The information above is not intended for, and may not be distributed to or be
published in, directly or indirectly, Australia, Canada, Hong Kong, Japan, New
Zeeland, South Africa, the USA, or any other jurisdiction where this would
require registrations measures or would constitute a breach of law
The information above does not contain or constitute an invitation or an offer
to acquire, subscribe for, sell or otherwise trade in shares or other
securities in Alpcot Agro AB (“the securities”). Nor does it constitute a
prospectus under the terms in Directive 2003/71/EC.
No securities are or will be registered in accordance with the U.S. Securities
Act of 1933 (“Securities Act”) or any provincial act in Canada or any
legislation in Australia, Hong Kong, Japan, New Zeeland or South Africa. The
securities may therefore not, directly or indirectly, be sold, resold, offered
for sale, delivered or spread within or to any of these jurisdictions, or to
any person located there at that point of time or resident there, or on account
of such person, and further not to or within any other jurisdiction where such
measure would violate the laws of the jurisdiction or require registrations
measures, other than in accordance with an applicable exemption. A failure to
comply with this instruction may result in a violation of the Securities Act or
laws applicable in other jurisdictions.
Pareto Öhman is acting for the Company and no one else in connection with the
Issue and will not be responsible to anyone other than the Company for
providing the protections afforded to its clients or for providing advice in
relation to the Issue and/or any other matter referred to in this announcement.
Pareto Öhman accepts no responsibility whatsoever and makes no representation
or warranty, express or implied, for the contents of this announcement,
including its accuracy, completeness or verification or for any other statement
made or purported to be made by it, or on its behalf, in connection with the
Issue and nothing in this announcement is, or shall be relied upon as, a
promise or representation in this respect, whether as to the past or future.