Tethys Oil

Report Publication Announcement • Oct 25, 2016

Press release 2016-10-25

Presentation of Tethys Oil's third quarter 2016

Tethys Oil will publish the interim report for the third quarter of 2016 on Tuesday 1 November 2016 at approximately 7:30 CET. The Company has scheduled a webcasted conference call the same day at 10.00 CET. Magnus Nordin, Managing Director, and Morgan Sadarangani, CFO, will present the report and recent developments.

The English language live webcast may be accessed on www.tethysoil.com. An on demand version will also be available on Tethys Oil's website.

Link to webcast: http://edge.media-server.com/m/p/6yptaty6

To participate via phone, please call:

Sweden: +46 8 505 564 74 Switzerland: +41 225 675 541 UK: +44 203 364 5374 North America: +1 855 753 2230

For further information, please contact

Magnus Nordin, Managing Director, phone +46 8 505 947 00 or Morgan Sadarangani, CFO, phone +46 8 505 947 01

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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 the Sultanate of Oman, where the company holds 2P reserves of 18 mmbo and has oil production of about 12,000 barrels per day from Blocks 3 and 4. 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