TULLOW OIL PLC

Major Shareholding Notification • Dec 5, 2016

National Storage Mechanism | Additional information

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RNS Number : 0173R

Tullow Oil PLC

05 December 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				TULLOW OIL PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					x
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached					x
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments					x
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Deutsche Bank AG
4. Full name of shareholder(s) (if different from 3.):iv		Deutsche Bank AG, London Branch
5. Date of the transaction and date on which the threshold is crossed or reached: v		30/11/2016
6. Date on which issuer notified:		02/12/2016
7. Threshold(s) that is/are crossed or reached: vi, vii		Below 9%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of

shares

if possible using

the ISIN CODE

Situation previous

to the triggering

transaction

Resulting situation after the triggering transaction

Number

of

Shares

Number

of

Voting

Rights

Number

of shares

Number of voting

rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB0001500809

31,643,718

31,643,718

29,945,566

29,945,566

0

3.28%

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial

instrument

Expiration

date xiii

Exercise/

Conversion Period xiv

Number of voting

rights that may be

acquired if the

instrument is

exercised/ converted.

% of voting

rights

Right To Recall

Call Option

15-Dec-17

8,219,100

10,000,000

0.90%

1.10%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial

instrument

Exercise price

Expiration date xvii

Exercise/

Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Swaps

Put Option

03-Jan-18

15-Dec-17

22,699,674

10,000,000

Nominal

Delta

2.49%

1.10%

2.49%

1.10%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

80,864,340

8.86%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Deutsche Bank AG, London Branch - 8.86%
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:	Kevin Massie Corporate Counsel & Company Secretary Tullow Oil plc
15. Contact telephone number:	020 3249 9000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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