Employee Trust

7th Jul 2006 16:16

Tullow Oil PLC07 July 2006 Tullow Oil PLC 7 July 2006 Tullow Oil plc ('Tullow' or 'the Company') The Company announces that the trustee of the Tullow Oil Employee Trust (the 'Trust') has made the following purchases of Tullow Oil ordinary shares of 10peach ('Ordinary Shares'):TRADE DATE ORDINARY SHARES PURCHASED PRICE PER ORDINARY SHARE6 JULY 2006 500,000 390.30p The Trust is a discretionary trust established by the Company for the benefit ofemployees of Tullow Oil plc and its subsidiaries. The Ordinary Shares wereacquired to hedge the awards made under the Company's share incentive plans. Thetotal holding of the Trust following this transaction is 500,000 Ordinary Sharesrepresenting 0.077% 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