Tethys Oil

Declaration of Voting Results & Voting Rights Announcements • Oct 31, 2018

Press release 2018-10-31

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

In October 2018, 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 13 May 2015. The number of shares and votes in Tethys Oil has in October 2018 increased by 352,560 shares and votes.

As per 31 October 2018, the total number of shares and votes in the company amounted to 35,896,310.

For further information, please contact Magnus Nordin, Managing Director, phone +46 8 505 947 00 or Jesper Alm, CFO, 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, through the agency of the contact persons set out above, at 17:30 CET on 31 October 2018.

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 22 mmbo and 2C Contingent Resources of 17 mmbo and had an average oil production of 12,162 barrels per day from Blocks 3&4 during 2017. 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