Award of Share Options

Tullow Oil PLC 13 March 2008 Tullow Oil plc 13 March 2008 Tullow Oil plc ('Tullow' or 'the Company') Awards of Shares under the Company's 2005 Deferred Share Bonus Plan Under annual bonus arrangements agreed in 2005, part of the annual performance related bonus of the executive directors of Tullow is satisfied by the award of shares under the Tullow Oil 2005 Deferred Share Bonus Plan ('Plan'). The Company announces in respect of the 2007 annual bonus that, on 13 March 2008, each of the following executive directors were granted awards over the number of ordinary shares of 10p each set out below under the terms of the Plan. Number of Deferred Share Bonus Plan Cumulative number of Deferred shares awarded 13 March 2008 Share Bonus Plan shares awarded Aidan Heavey 28,328 92,030 Tom Hickey 18,111 58,239 Graham Martin 16,021 54,055 Angus McCoss 14,686 14,686 Paul McDade 14,686 41,752 Matthew O'Donoghue 4,334 19,658 The awards granted on 13 March 2008 will normally vest on 1 January 2011 subject to continued employment. No consideration was paid for any of the awards and no consideration is due on vesting. This notification is made in accordance with DR 3.1.4R (1)(a). Enquiries Graham Martin Tullow Oil plc + 44 208 996 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

Companies

Tullow Oil (TLW)
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