Tethys Oil

Transaction in Own Shares • Dec 18, 2020

Press release 2020-12-18

Share buy-backs in Tethys Oil

During the period 14 – 17 December 2020, Tethys Oil AB (publ) has repurchased a total of 121,637 of its own shares. The buy-back program, which was announced on 11 December 2020, is being conducted in accordance with the EU Market Abuse Regulation No 596/2014 and the Commission Delegated Regulation No 2016/1052.

Date	Aggregated daily volume (number of shares)	Weighted average share price per day (SEK)	Total daily transaction value (SEK)
14 December 2020	40,000	48.95	1,957,852
15 December 2020	20,000	48.01	960,208
16 December 2020	36,637	48.68	1,783,321
17 December 2020	25,000	49.72	1,243,000

All of the own-share acquisitions have been carried out on the Nasdaq Stockholm Stock Exchange by Pareto Securities on behalf of Tethys Oil. Pareto Securities is also managing the buy-back program and makes its trading decisions concerning the timing of acquisitions of shares wholly independently from Tethys Oil.

Following the acquisitions detailed above, Tethys Oil's holding of own-shares amounts to 121,637 shares as of 17 December 2020 from the 33,056,608 of total Tethys Oil shares.

A full breakdown of the transactions required pursuant to the EU Market Abuse Regulation No 596/2014 ("MAR") and the Commission Delegated Regulation No 2016/1052 ("Safe Harbour Regulation") is attached to this announcement. The total volume of Tethys Oil shares which have been bought back within the current share buy-back program from 11 December 2020 up to and including 17 December 2020 amounts to 121,637 shares.

The shareholders at the Annual General Meeting on 13 May 2020 authorized the Board of Directors to undertake a buy-back program, the first of which was announced on 11 December 2020, subject to the limitations outlined below. The key objective is to give the company equity flexibility and thereby optimize its capital structure. Repurchased shares may also be used as payment for, or financing of, acquisitions of companies or businesses or in connection with handling of incentive programs. Purchases may be made at one or several occasions up to and including 8 February 2021, and by a maximum of so many shares that the company's holding of own shares after the purchase amounts to a maximum of one-tenth of all the shares in the company. The maximum amount for which shares may be acquired under the buy-back program may not exceed SEK 42 million. The buy-back program is being implemented in accordance with the MAR and Safe Harbour Regulation.

For the complete repurchase authorization resolved by the shareholders at the AGM 2020, please refer to Tethys Oil's website, www.tethysoil.com.

Tethys Oil AB (publ)

Tethys Oil is a Swedish oil company with focus on onshore areas with known oil discoveries. The company's core area is the Sultanate of Oman, where it holds interests in Blocks 3&4, Block 49, Block 56 and Block 58. Tethys Oil has net working interest 2P reserves of 26.1 mmbo and net working interest 2C Contingent Resources of 13.5 mmbo and had an average oil production of 12,832 barrels per day from Blocks 3&4 during 2019. The company's shares are listed on Nasdaq Stockholm (TETY). Website: www.tethysoil.com

This information is information that Tethys Oil AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 16:00 CET on 18 December 2020.

For further information, please contact

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

Exec Time	Qty	Px	Symbol	ISIN Code
2020-12-17 16:14:02.507		1945 50.2000	TETY	SE0014399424
2020-12-17 16:14:02.507		2500 50.2000	TETY	SE0014399424
2020-12-17 16:11:27.540		400 50.2000	TETY	SE0014399424
2020-12-17 16:09:37.179		99 50.2000	TETY	SE0014399424
2020-12-17 16:09:37.134		56 50.2000	TETY	SE0014399424
2020-12-17 15:43:00.128		1758 50.2000	TETY	SE0014399424
2020-12-17 15:43:00.128		400 50.2000	TETY	SE0014399424
2020-12-17 15:41:20.391		86 50.2000	TETY	SE0014399424
2020-12-17 15:41:20.358		417 50.2000	TETY	SE0014399424
2020-12-17 15:41:20.358		80 50.2000	TETY	SE0014399424
2020-12-17 15:41:20.358		350 50.2000	TETY	SE0014399424
2020-12-17 15:41:20.358		14 50.2000	TETY	SE0014399424
2020-12-17 15:41:20.358		1500 50.2000	TETY	SE0014399424
2020-12-17 15:41:20.358		127 50.2000	TETY	SE0014399424
2020-12-17 15:41:20.358		147 50.2000	TETY	SE0014399424
2020-12-17 15:41:20.358		121 50.2000	TETY	SE0014399424
2020-12-17 11:04:59.199		1221 49.3000	TETY	SE0014399424
2020-12-17 11:04:59.199		805 49.3000	TETY	SE0014399424
2020-12-17 11:04:59.199		682 49.3000	TETY	SE0014399424
2020-12-17 11:04:59.199		1487 49.3000	TETY	SE0014399424
2020-12-17 11:04:59.199		805 49.3000	TETY	SE0014399424
2020-12-17 10:58:04.878		245 49.4000	TETY	SE0014399424
2020-12-17 10:58:04.860		299 49.4000	TETY	SE0014399424
2020-12-17 10:58:04.860		541 49.4000	TETY	SE0014399424
2020-12-17 10:58:04.860		309 49.4000	TETY	SE0014399424
2020-12-17 10:58:04.860		541 49.4000	TETY	SE0014399424
2020-12-17 10:58:04.860		309 49.4000	TETY	SE0014399424
2020-12-17 10:58:04.860		850 49.4000	TETY	SE0014399424
2020-12-17 10:57:59.493		764 49.4000	TETY	SE0014399424
2020-12-17 10:57:59.493		1056 49.4000	TETY	SE0014399424
2020-12-17 10:57:59.493		86 49.4000	TETY	SE0014399424
2020-12-17 10:02:56.983		1153 49.5000	TETY	SE0014399424
2020-12-17 10:02:56.983		2400 49.5000	TETY	SE0014399424
2020-12-17 10:02:56.983		5 49.5000	TETY	SE0014399424
2020-12-17 10:02:56.983		500 49.5000	TETY	SE0014399424
2020-12-17 10:02:56.983		6 49.5000	TETY	SE0014399424
2020-12-17 10:02:56.983		936 49.5000	TETY	SE0014399424
2020-12-16 17:11:14.128		758 48.6000	TETY	SE0014399424
2020-12-16 17:08:52.777		758 48.6000	TETY	SE0014399424
2020-12-16 17:08:52.776		39 48.6000	TETY	SE0014399424
2020-12-16 17:07:12.775		370 48.6000	TETY	SE0014399424
2020-12-16 17:06:32.991		349 48.6000	TETY	SE0014399424
2020-12-16 17:04:33.869		15 48.5000	TETY	SE0014399424
2020-12-16 17:03:52.774		348 48.5000	TETY	SE0014399424
2020-12-16 16:11:02.787		510 48.4000	TETY	SE0014399424
2020-12-16 16:11:02.787		708 48.4000	TETY	SE0014399424
2020-12-16 16:10:39.036		113 48.4000	TETY	SE0014399424
2020-12-16 16:06:14.602		142 48.4000	TETY	SE0014399424
2020-12-16 16:05:36.378		1027 48.4000	TETY	SE0014399424

2020-12-16 15:34:29.839	457 48.4000	TETY	SE0014399424
2020-12-16 15:34:12.488	355 48.4000	TETY	SE0014399424
2020-12-16 15:34:07.370	300 48.4000	TETY	SE0014399424
2020-12-16 15:34:07.346	248 48.4000	TETY	SE0014399424
2020-12-16 15:34:07.346	237 48.4000	TETY	SE0014399424
2020-12-16 15:34:07.346	248 48.4000	TETY	SE0014399424
2020-12-16 15:34:07.346	63 48.4000	TETY	SE0014399424
2020-12-16 15:34:07.345	592 48.4000	TETY	SE0014399424
2020-12-16 15:04:47.795	40 48.6000	TETY	SE0014399424
2020-12-16 15:04:47.795	82 48.6000	TETY	SE0014399424
2020-12-16 15:04:47.794	120 48.6000	TETY	SE0014399424
2020-12-16 15:04:47.794	414 48.6000	TETY	SE0014399424
2020-12-16 15:04:47.794	100 48.6000	TETY	SE0014399424
2020-12-16 15:04:47.794	20 48.6000	TETY	SE0014399424
2020-12-16 14:59:11.666	200 48.6000	TETY	SE0014399424
2020-12-16 14:59:11.645	246 48.6000	TETY	SE0014399424
2020-12-16 14:59:11.645	72 48.6000	TETY	SE0014399424
2020-12-16 14:59:11.645	478 48.6000	TETY	SE0014399424
2020-12-16 14:59:11.645	288 48.6000	TETY	SE0014399424
2020-12-16 14:59:11.645	692 48.6000	TETY	SE0014399424
2020-12-16 14:59:11.645	1200 48.6000	TETY	SE0014399424
2020-12-16 14:59:11.644	68 48.6000	TETY	SE0014399424
2020-12-16 14:59:11.644	912 48.6000	TETY	SE0014399424
2020-12-16 14:59:11.644	68 48.6000	TETY	SE0014399424
2020-12-16 14:47:05.640	1497 48.7000	TETY	SE0014399424
2020-12-16 14:47:05.640	3 48.7000	TETY	SE0014399424
2020-12-16 14:40:52.519	1500 48.7000	TETY	SE0014399424
2020-12-16 14:36:11.268	255 48.7000	TETY	SE0014399424
2020-12-16 14:36:11.247	241 48.7000	TETY	SE0014399424
2020-12-16 14:36:11.247	4 48.7000	TETY	SE0014399424
2020-12-16 14:36:11.247	1500 48.7000	TETY	SE0014399424
2020-12-16 14:07:18.202	570 48.6000	TETY	SE0014399424
2020-12-16 14:07:18.201	98 48.6000	TETY	SE0014399424
2020-12-16 14:07:18.180	14 48.6000	TETY	SE0014399424
2020-12-16 14:07:07.818	147 48.6000	TETY	SE0014399424
2020-12-16 14:07:07.792	87 48.6000	TETY	SE0014399424
2020-12-16 14:07:07.792	433 48.6000	TETY	SE0014399424
2020-12-16 14:07:07.792	151 48.6000	TETY	SE0014399424
2020-12-16 13:14:25.168	344 48.6000	TETY	SE0014399424
2020-12-16 13:14:25.168	656 48.6000	TETY	SE0014399424
2020-12-16 12:36:07.759	20 48.8000	TETY	SE0014399424
2020-12-16 12:36:07.759	1000 48.8000	TETY	SE0014399424
2020-12-16 12:36:07.759	1480 48.8000	TETY	SE0014399424
2020-12-16 12:16:20.186	13 48.7000	TETY	SE0014399424
2020-12-16 12:16:20.186	190 48.7000	TETY	SE0014399424
2020-12-16 12:16:20.186	105 48.7000	TETY	SE0014399424
2020-12-16 12:16:20.186	25 48.7000	TETY	SE0014399424
2020-12-16 12:16:20.186	344 48.7000	TETY	SE0014399424
2020-12-16 12:16:20.186	1500 48.7000	TETY	SE0014399424
2020-12-16 12:16:20.186	323 48.7000	TETY	SE0014399424

2020-12-16 11:36:48.529	1500 48.8000	TETY	SE0014399424
2020-12-16 11:07:09.225	2366 48.7000	TETY	SE0014399424
2020-12-16 11:07:09.225	134 48.7000	TETY	SE0014399424
2020-12-16 11:04:55.779	2500 48.8000	TETY	SE0014399424
2020-12-16 10:58:32.072	309 48.9000	TETY	SE0014399424
2020-12-16 10:58:32.072	2000 48.9000	TETY	SE0014399424
2020-12-16 10:57:45.550	41 48.9000	TETY	SE0014399424
2020-12-16 10:57:07.471	150 48.9000	TETY	SE0014399424
2020-12-16 10:37:05.033	1134 48.9000	TETY	SE0014399424
2020-12-16 10:37:05.033	50 48.9000	TETY	SE0014399424
2020-12-16 10:36:17.034	1000 48.9000	TETY	SE0014399424
2020-12-16 10:23:12.253	316 48.9000	TETY	SE0014399424
2020-12-15 17:23:00.234	1116 48.4000	TETY	SE0014399424
2020-12-15 17:23:00.234	1200 48.4000	TETY	SE0014399424
2020-12-15 17:23:00.234	184 48.4000	TETY	SE0014399424
2020-12-15 14:27:58.769	2500 47.7000	TETY	SE0014399424
2020-12-15 13:06:45.029	4560 47.8000	TETY	SE0014399424
2020-12-15 13:06:45.029	13 47.8000	TETY	SE0014399424
2020-12-15 11:13:39.991	108 47.7000	TETY	SE0014399424
2020-12-15 11:08:19.752	319 47.7000	TETY	SE0014399424
2020-12-15 10:55:28.459	268 48.1000	TETY	SE0014399424
2020-12-15 10:55:28.459	409 48.1000	TETY	SE0014399424
2020-12-15 10:54:33.631	291 48.1000	TETY	SE0014399424
2020-12-15 10:54:33.631	717 48.1000	TETY	SE0014399424
2020-12-15 10:54:33.618	291 48.1000	TETY	SE0014399424
2020-12-15 10:54:33.618	1008 48.1000	TETY	SE0014399424
2020-12-15 10:54:33.614	1008 48.1000	TETY	SE0014399424
2020-12-15 10:54:33.596	1006 48.1000	TETY	SE0014399424
2020-12-15 10:54:33.596	2 48.1000	TETY	SE0014399424
2020-12-15 10:12:51.971	16 48.1000	TETY	SE0014399424
2020-12-15 10:12:51.971	1080 48.1000	TETY	SE0014399424
2020-12-15 10:12:51.971	120 48.1000	TETY	SE0014399424
2020-12-15 10:12:51.963	1080 48.1000	TETY	SE0014399424
2020-12-15 10:12:51.954	1624 48.1000	TETY	SE0014399424
2020-12-15 10:12:51.954	1080 48.1000	TETY	SE0014399424
2020-12-14 17:23:11.309	85 48.6000	TETY	SE0014399424
2020-12-14 17:23:11.309	940 48.6000	TETY	SE0014399424
2020-12-14 17:23:11.309	875 48.6000	TETY	SE0014399424
2020-12-14 17:23:11.309	1100 48.6000	TETY	SE0014399424
2020-12-14 17:22:42.336	1081 48.5000	TETY	SE0014399424
2020-12-14 17:16:16.357	872 48.3000	TETY	SE0014399424
2020-12-14 17:16:16.357	128 48.3000	TETY	SE0014399424
2020-12-14 17:14:01.427	1000 48.4000	TETY	SE0014399424
2020-12-14 17:03:30.158	126 48.1000	TETY	SE0014399424
2020-12-14 17:01:10.593	500 48.1000	TETY	SE0014399424
2020-12-14 17:00:55.166	374 48.1000	TETY	SE0014399424
2020-12-14 16:53:40.686	896 48.3000	TETY	SE0014399424
2020-12-14 16:53:40.669	104 48.3000	TETY	SE0014399424
2020-12-14 16:51:29.859	190 48.4000	TETY	SE0014399424
2020-12-14 16:51:29.859	1500 48.4000	TETY	SE0014399424

2020-12-14 16:51:29.859	310 48.4000	TETY	SE0014399424
2020-12-14 16:50:13.672	1000 48.3000	TETY	SE0014399424
2020-12-14 16:45:51.559	144 48.4000	TETY	SE0014399424
2020-12-14 16:45:51.559	1 48.4000	TETY	SE0014399424
2020-12-14 16:45:51.559	855 48.4000	TETY	SE0014399424
2020-12-14 16:19:04.793	1000 48.6000	TETY	SE0014399424
2020-12-14 16:01:00.430	233 48.5000	TETY	SE0014399424
2020-12-14 15:59:44.082	167 48.5000	TETY	SE0014399424
2020-12-14 15:59:23.082	600 48.5000	TETY	SE0014399424
2020-12-14 15:48:16.848	950 48.8000	TETY	SE0014399424
2020-12-14 15:48:16.848	1050 48.8000	TETY	SE0014399424
2020-12-14 15:36:18.238	505 48.9000	TETY	SE0014399424
2020-12-14 15:36:18.238	2195 48.9000	TETY	SE0014399424
2020-12-14 15:36:18.238	300 48.9000	TETY	SE0014399424
2020-12-14 15:30:15.373	1919 49.1000	TETY	SE0014399424
2020-12-14 15:30:15.373	305 49.2000	TETY	SE0014399424
2020-12-14 15:30:15.373	1003 49.2000	TETY	SE0014399424
2020-12-14 15:24:39.794	1387 49.2000	TETY	SE0014399424
2020-12-14 15:24:39.794	224 49.2000	TETY	SE0014399424
2020-12-14 15:13:55.412	81 49.2000	TETY	SE0014399424
2020-12-14 14:52:30.430	569 49.2000	TETY	SE0014399424
2020-12-14 14:51:17.779	1372 49.3000	TETY	SE0014399424
2020-12-14 14:51:17.779	228 49.3000	TETY	SE0014399424
2020-12-14 14:51:17.779	340 49.3000	TETY	SE0014399424
2020-12-14 14:51:17.779	60 49.3000	TETY	SE0014399424
2020-12-14 14:46:54.650	431 49.2000	TETY	SE0014399424
2020-12-14 14:41:16.281	1489 49.1000	TETY	SE0014399424
2020-12-14 14:41:16.281	3 49.1000	TETY	SE0014399424
2020-12-14 14:33:00.615	8 49.1000	TETY	SE0014399424
2020-12-14 14:21:42.265	500 49.2000	TETY	SE0014399424
2020-12-14 14:21:42.265	1500 49.2000	TETY	SE0014399424
2020-12-14 13:20:03.172	1437 49.2000	TETY	SE0014399424
2020-12-14 13:20:03.172	63 49.2000	TETY	SE0014399424
2020-12-14 12:25:23.624	1500 49.4000	TETY	SE0014399424
2020-12-14 12:19:58.179	315 49.4000	TETY	SE0014399424
2020-12-14 12:19:58.179	1185 49.4000	TETY	SE0014399424
2020-12-14 12:10:05.220	520 49.5000	TETY	SE0014399424
2020-12-14 12:10:05.220	12 49.5000	TETY	SE0014399424
2020-12-14 12:08:53.226	250 49.5000	TETY	SE0014399424
2020-12-14 12:07:52.455	68 49.5000	TETY	SE0014399424
2020-12-14 12:07:24.169	150 49.5000	TETY	SE0014399424
2020-12-14 11:56:59.198	1000 49.5000	TETY	SE0014399424
2020-12-14 11:53:33.725	1000 49.6000	TETY	SE0014399424
2020-12-14 11:45:15.351	500 49.6000	TETY	SE0014399424
2020-12-14 11:17:05.147	89 49.7000	TETY	SE0014399424
2020-12-14 11:17:05.147	330 49.7000	TETY	SE0014399424
2020-12-14 11:17:05.147	1081 49.7000	TETY	SE0014399424