Tethys Oil

Share Issue/Capital Change • Jun 30, 2015

Press release 2015-06-30

Change in number of shares and votes in Tethys Oil

Tethys Oil has, in accordance with previously announced information, completed a mandatory share redemption procedure whereby every redemption share in Tethys Oil has been redeemed. As a result, the number of shares and votes in Tethys Oil has changed.

As per 1 June 2015, the total number of shares and votes amounted to 71,087,500, of which 35,543,750 were ordinary shares and 35,543,750 were redemption shares.

The redemption shares were traded until 10 June 2015 on Nasdaq Stockholm. With record date 12 June 2015, the redemption shares were automatically redeemed and SEK 2.00 in cash consideration for each redemption share was paid.

During June 2015, the total number of shares and votes decreased from 71,087,500 shares and votes to 35,543,750 shares and votes as a result of the above mandatory redemption of redemption shares. Consequently, as per 30 June 2015, the total number of shares and votes in Tethys Oil AB (publ) amounts to 35,543,750 shares and votes.

This information constitutes an announcement of an increase in the number of shares and votes pursuant to Chapter 4, Section 9, first paragraph of the Financial Instruments Trading Act (1991:980).

For further information, please contact

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

Tethys Oil AB (publ)

Tethys Oil is a Swedish energy company focused on exploration and production of oil and natural gas. Tethys Oil's core area is Oman, where the company is one of the largest onshore oil and gas concession holders. Tethys Oil also has exploration and production assets onshore France and Lithuania. The shares are listed on Nasdaq Stockholm (TETY).

Website: www.tethysoil.com