Corporate Action

Tullow Oil PLC
1 November 2000

SCHEME OF ARRANGEMENT
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *TLW
SEDOL CODE              *912-428
TERMS                   *For each Tullow Oil   -   One NewCo Share
                         Share held
PROVISIONAL EX DATE     *18-12-00
RECORD DATE             *15-12-00
NOTES *