Director/PDMR Shareholding

Tullow Oil PLC 07 April 2006 Tullow Oil plc ('Tullow' or 'the Company') Director Dealings The Company announces details of the following exercises of options and related sales of ordinary shares of 10p each ('Ordinary Shares') by certain directors of the Company: A. Matthew O'Donoghue, General Manager Projects and an executive director of Tullow, held options over 490,360 Ordinary Shares which were granted on 11 April 1996 under the terms of the Tullow 1988 Executive Share Option Scheme and were exercisable up to 10 April 2006. These options had an exercise price of EUR 1.0031 per Ordinary Share. On 6 April 2006, Mr O'Donoghue exercised these 490,360 options and sold 256,860 Ordinary Shares at 343.4p per share to fund the exercise price, tax and associated transaction costs payable as a consequence of the exercise and sale. The balance of 233,500 Ordinary Shares (representing 0.04% per cent of the Company's issued share capital) have been retained by Mr O'Donoghue. Following these transactions, Mr O'Donoghue now holds 1,824,357 Ordinary Shares representing 0.28% per cent of the Company's issued share capital. B. 6 April 2006, Patrick Plunkett, non-executive Chairman exercised an option granted on 4 September 2000 over 200,000 Ordinary Shares at an exercise price of 63p per Ordinary Share and sold these Ordinary Shares at 343.4p. Following these transactions, Mr Plunkett continues to hold 1,229,326 Ordinary Shares representing 0.19 per cent of the Company's issued share capital. The exercise and sale of the above options and Ordinary Shares was executed in the UK and this notification relates to transactions notified in accordance with Disclosure Rule 3.1.4R(1)(a) and Disclosure Rule 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985. Inquiries: Tom Hickey Tullow Oil plc + 44 208 996 1000 7 April, 2006 This information is provided by RNS The company news service from the London Stock Exchange

Companies

Tullow Oil (TLW)
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