TULLOW OIL PLC

Major Shareholding Notification • Nov 23, 2016

National Storage Mechanism | Additional information

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RNS Number : 9447P

Tullow Oil PLC

23 November 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Tullow Oil plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments					X
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		JPMorgan Chase & Co.
4. Full name of shareholder(s) (if different from 3.):iv		J.P. Morgan Securities Plc
5. Date of the transaction and date on which the threshold is crossed or reached: v		18 November 2016
6. Date on which issuer notified:		22 November 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		3%, 4%, 5% Upwards

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares		Number of voting rights				% of  voting rights x
Direct		Direct xi			Indirect xii	Direct			Indirect
GB0001500809	Below minimum threshold			Below minimum threshold								6,510,764				0.71%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument		Expiration date xiii				Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
Right to Recall											67,200				0.01%
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument			Exercise price		Expiration date xvii			Exercise/ Conversion period xviii		Number of voting rights instrument refers to				% of voting rights xix, xx
Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap Cash-settled equity swap					30/11/2016 13/12/2016 20/01/2017 31/03/2017 13/04/2017 10/05/2017 13/06/2017 30/06/2017 24/07/2017 26/07/2017 07/08/2017 16/08/2017 03/10/2017 16/10/2017 17/10/2017 01/11/2017 13/11/2017 06/12/2017 13/12/2017 20/04/2018 03/08/2018			30/11/2016 13/12/2016 20/01/2017 31/03/2017 13/04/2017 10/05/2017 13/06/2017 30/06/2017 24/07/2017 26/07/2017 07/08/2017 16/08/2017 03/10/2017 16/10/2017 17/10/2017 01/11/2017 13/11/2017 06/12/2017 13/12/2017 20/04/2018 03/08/2018		101,351 8,025,800 13,340,000 3,660,278 187,378 110,242 27,726 2,115,447 37,543 154,893 1,038,000 929,933 515 283 1,726 4,215,074 48,685 200,000 500,000 991,172 3,574,493
			0.01%  0.88%  1.46%  0.40%  0.02%  0.01%  0.00%  0.23%  0.00%  0.02%  0.11%  0.10%  0.00%  0.00%  0.00%  0.46%  0.01%  0.02%  0.05%  0.11%  0.39%

Total (A+B+C)
Number of voting rights	Percentage of voting rights
45,838,503	5.02%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Total disclosable holding for JPMorgan Chase & Co.: 45,838,503 (5.02%) Direct: J.P. Morgan Securities Plc: 6,510,764 (0.71%) Shares; 39,260,539 (4.30%) Qualifying Financial Instruments; 67,200 (0.01%) Financial Instruments with similar economic effect to Qualifying Financial Instruments. Chain of control: JPMorgan Chase & Co. JPMorgan Chase Bank, National Association (100%) J.P. Morgan International Inc. (100%) Bank One International Holdings Corporation (100%) J.P. Morgan International Finance Limited (100%) J.P. Morgan Capital Holdings Limited (100%) J.P. Morgan Chase (UK) Holdings Limited (99.99%) J.P. Morgan Chase International Holdings (100%) J.P. Morgan Securities plc (99.41%)
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	Table 8A) Includes stock borrows of 41,100,643 (4.50%)
14. Contact name:	Kevin Massie Corporate Counsel & Company Secretary Tullow Oil plc
15. Contact telephone number:	020 3249 9000

This information is provided by RNS

The company news service from the London Stock Exchange

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