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Employee Trust Share Purchase

8th Sep 2006 16:25

Tullow Oil PLC08 September 2006 Tullow Oil PLC 8 September 2006 Tullow Oil plc ('Tullow' or 'the Company') The Company was notified on 7 September that the trustee of the Tullow OilEmployee Trust (the 'Trust') made the following purchases of Tullow Oil ordinaryshares of 10p each ('Ordinary Shares'):TRADE DATE SHARES PURCHASED PRICE PER SHARE6 SEPTEMBER 2006 500,000 399.1425p The Trust is a discretionary trust established by the Company for the benefit ofemployees of Tullow Oil plc and its subsidiaries. The shares were acquired tohedge the awards made under the Company's share incentive plans. The totalholding of the Trust following this transaction is 1,000,000 Ordinary Sharesrepresenting 0.154% of the Company's issued share capital. The executive directors of Tullow are included as potential beneficiaries underthe Trust and are deemed to be interested in all the shares held by the Trustfor the purposes of Section 324 of the Companies Act 1985. Inquiries Tom Hickey + 44 0208 996 1000 This announcement has been issued through the Companies Announcement Service of The Irish Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange

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Tullow Oil
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