TULLOW OIL PLC

M&A Activity • Jun 12, 2023

/*<![CDATA[*/ /**/ /**/ /**/ h1{margin-top:0cm;margin-right:0cm;margin-bottom:12.0pt;margin-left:0cm;text-indent:.7pt;font-size:18.0pt;font-family:"Calibri","sans-serif";color:#00305C;text-transform:uppercase;letter-spacing:.25pt;font-weight:bold;}h2{margin-top:7.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;font-size:14.0pt;font-family:"Calibri","sans-serif";color:#00305C;text-transform:uppercase;letter-spacing:.25pt;font-weight:normal;}h3{margin-top:10.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Calibri","sans-serif";color:#00305C;letter-spacing:.25pt;font-weight:bold;}h4{margin-top:10.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Calibri","sans-serif";color:#00305C;letter-spacing:.25pt;font-weight:normal;}h5{margin-top:10.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;font-size:9.5pt;font-family:"Calibri","sans-serif";color:#00305C;letter-spacing:.25pt;font-weight:normal;}h6{margin-top:1.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;font-size:11.0pt;font-family:"Calibri Light","sans-serif";font-variant:small-caps;color:#C0504D;letter-spacing:.25pt;font-weight:normal;}strong{font-family:"Calibri","sans-serif";color:#03A7CC;font-weight:normal;}em{font-family:"Times New Roman","serif";letter-spacing:.5pt;font-weight:bold;}p{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";color:#4D4D4D;}ol{margin-bottom:0cm;} ul{margin-bottom:0cm;}body{ }link{ color: blue }visited{ color: #173258 } .ie{size:21.0cm 842.0pt;margin:2.0cm 48.2pt 51.05pt 48.2pt;}div.ie{}p.a,li.a,div.a{margin-top:1.0pt;margin-right:0cm;margin-bottom:7.0pt;margin-left:0cm;text-align:justify;font-size:9.5pt;font-family:"Calibri Light","sans-serif";color:#4D4D4D;}h1.is{text-align: center}span.iu{text-transform: none}span.it{text-transform:none}p.iw{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";color:windowtext;margin:0cm;margin-bottom:.0001pt;text-align:justify; line-height:11.75pt}span.ix{color: #4D4D4D; font-family: "Calibri Light","sans-serif"; font-size: 9.5pt; font-weight: bold}span.iy{font-size:9.5pt;font-family:"Calibri Light","sans-serif"; color:#4D4D4D}span.iz{font-size:9.5pt; font-family:"Calibri Light","sans-serif";color:#4D4D4D} p.ja{margin-top:1.0pt;margin-right:0cm;margin-bottom:7.0pt;margin-left:0cm;text-align:justify;font-size:9.5pt;font-family:"Calibri Light","sans-serif";color:#4D4D4D;text-align:center}table.jb{width:498.85pt;margin-left:-5.4pt;border-collapse:collapse}tr.ij{height:17.0pt}td.il{width:50.0%;border-top:solid #00305C 1.0pt;border-left: none;border-bottom:solid #00305C 1.0pt;border-right:solid #A6A6A6 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:17.0pt}p.go,li.go,div.go{margin-top:1.0pt;margin-right:0cm;margin-bottom:2.0pt;margin-left:0cm;font-size:8.5pt;font-family:"Calibri Light","sans-serif";color:#4D4D4D;}span.im{font-size:9.5pt}td.ik{width:50.0%;border-top:solid #00305C 1.0pt;border-left: none;border-bottom:solid #00305C 1.0pt;border-right:none; padding:0cm 5.4pt 0cm 5.4pt;height:17.0pt}span.jc{font-size:9.5pt; font-family:"Calibri Light","sans-serif";color:#4D4D4D;text-decoration:none}p.jd{margin-top:1.0pt;margin-right:0cm;margin-bottom:7.0pt;margin-left:0cm;text-align:justify;font-size:9.5pt;font-family:"Calibri Light","sans-serif";color:#4D4D4D;margin-bottom:4.0pt}span.ig{color:#4D4D4D} .fr-view-element{font-family: sans-serif;font-size: 12pt;line-height: 140%;padding: 20px;box-sizing: border-box;overflow-x: auto;min-height: 60px;text-align: left;margin-bottom: 10px;width: 837px;} .fr-view-element img{padding: 0 1px;} .fr-view-element .ie{margin: 63.8pt 1.6cm 62.35pt 1.6cm;} .fr-view-element p{font-size: 10pt;} /**/ /**/ /**/ /*]]>*/ National Storage Mechanism | Additional information

RNS Number : 3890C

Tullow Oil PLC

12 June 2023

TULLOW OIL PLC 

Côte d'Ivoire Update

12 June 2023 - Tullow Oil plc's (Tullow) capital allocation strategy is to focus on its highest return producing assets and to maximise cash flow.

In line with this strategy, Tullow is considering all options with respect to its interest in the Espoir field in Côte d'Ivoire. No formal commitments have been made. In the event this process develops, Tullow will update the market as appropriate.

Ends

CONTACTS

Tullow Oil plc (London) (+44 20 3249 9000) Nicola Rogers Matthew Evans	Camarco (London) (+44 20 3757 4986) Billy Clegg Georgia Edmonds Rebecca Waterworth

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) ('UK MAR'). Upon the publication of this announcement, this inside information (as defined in UK MAR) is now considered to be in the public domain. This announcement is being made on behalf of Tullow by Adam Holland, Company Secretary.

Notes to editors

Tullow is an independent oil & gas, exploration and production group which is quoted on the London and Ghanaian stock exchanges (symbol: TLW). The Group has interests in over 30 licences across eight countries. In March 2021, Tullow committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030. For further information, please refer to our website at www.tullowoil.com.

Follow Tullow on:

Twitter: www.twitter.com/TullowOilplc

YouTube: www.youtube.com/TullowOilplc

Facebook: www.facebook.com/TullowOilplc

LinkedIn: www.linkedin.com/company/Tullow-Oil

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCFIFERRTIFLIV