Tethys Oil

Share Issue/Capital Change • Oct 31, 2019

Press release 2019-10-31

Announcement of change in number of shares and votes in Tethys Oil

In October 2019, the number of shares and votes in Tethys Oil AB (publ) has changed due to exercise of warrants under the long-term incentive program approved by the annual general meeting on 18 May 2016. The number of shares and votes in Tethys Oil has in October 2019 increased by 398,650 shares and votes.

As at 31 October 2019, the total number of shares and votes in the company amounted to 36,294,960.

For further information, please contact

Magnus Nordin, Managing Director, phone +46 8 505 947 00

This information is information that Tethys Oil AB (publ) is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 08:30 CET on 31 October 2019.

Tethys Oil AB (publ)

Tethys Oil is a Swedish oil company with focus on onshore areas with known oil discoveries. Tethys Oil's core area is Oman, where the company holds 2P reserves of 25 mmbo and 2C Contingent Resources of 13 mmbo and had an average oil production of 11,767 barrels per day from Blocks 3&4 during 2018. Tethys Oil also has onshore exploration licences in Lithuania and France and some production in Lithuania. The shares are listed on Nasdaq Stockholm (TETY). Website: www.tethysoil.com