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Tethys Oil Capital/Financing Update 2012

Oct 12, 2012

3117_rns_2012-10-12_03e20a87-6371-4825-972e-56faa9a6ad66.pdf

Capital/Financing Update

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Press release 2012-10-12

Tethys Oil's bonds listed on NASDAQ OMX Stockholm

Tethys Oil AB (publ) ("Tethys Oil") disclosed on August 31, 2012, that the company issues a secured three-year bond loan of SEK 400 million. The bonds have been listed on NASDAQ OMX Stockholm with first day of trading being Friday October 12, 2012. The bonds have ISIN number SE0004808129.

Pareto Öhman AB has been the financial adviser to Tethys Oil in connection with the bond issue. Gernandt & Danielsson Advokatbyrå KB has been the legal adviser to Pareto Öhman AB.

For further information, please contact

Magnus Nordin, Managing Director, phone +46 70 576 6555; [email protected] Morgan Sadarangani, CFO, phone +46 8 505 947 01; [email protected]

Tethys Oil AB (publ) is required to make public this information in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication on October 12, 2012 at 3.45 p.m. (CET).

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, Lithuania and Sweden.

The shares are listed on First North (TETY) in Stockholm. Remium AB is Certified Adviser.